Hemlo's BRF analysis

Brf Hugin 2

Org. no. 716425-8548 · Stockholm

Acceptable, with remarksBased on the 2023 annual report · Analysed 30 Apr 2026

Summary

Brf Hugin 2 receives Hemlo grade D (5 out of 10) in Hemlo's independent analysis of the 2023 annual report. The debt is 9,797 kr per square metre and the annual fee is 466 kr per square metre per year. Smaller maintenance fund than 94% of associations in Stockholm. The analysis highlights, among other things: Hög belåning kombinerat med stor refinansieringsrisk, Intäktsmixen är ovanligt beroende av lokaler och andra sidointäkter, Avgiften har höjts kraftigt och kan behöva höjas igen.

Compared with neighbouring associations

  • Higher debt per m² than 84% of associations in Stockholm
  • Lower fee per m² than 88% of associations in Stockholm
  • Smaller maintenance fund than 94% of associations in Stockholm
  • Lower equity ratio than 69% of associations in Stockholm

Association facts

Municipality
Stockholm
Built
1910
Apartments
24
Total area
2 645 m²

Identified risks

  • High leverage combined with a large refinancing riskCritical
  • The revenue mix is unusually dependent on premises and other ancillary incomeHigh
  • The fee has been increased significantly and may need to be raised againHigh

Details, assessments and suggested actions are part of the full analysis.

Full analysis

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  • Debt per square metre9,797 kr/m²

    Debt per square metre is the association's total loans divided by the total living area — one of the most important financial indicators for a housing cooperative.

  • Fee per square metre466 kr/m²/år

    Fee per square metre makes associations of different sizes comparable.

  • Savings per square metre
  • Fee trend
  • Loan structure and rate terms
  • Interest-rate sensitivity
  • Maintenance plan
  • Planned renovations

Frequently asked questions

Is Brf Hugin 2 a financially healthy housing cooperative?
Brf Hugin 2 receives Hemlo grade D (5 out of 10) in Hemlo's independent analysis of the 2023 annual report.
How high is the debt in Brf Hugin 2?
The debt is 9,797 kr per square metre. Debt per square metre is the association's total loans divided by the total living area — one of the most important financial indicators for a housing cooperative. Higher debt per m² than 84% of associations in Stockholm.
How high is the fee in Brf Hugin 2?
The annual fee is 466 kr per square metre per year. Fee per square metre makes associations of different sizes comparable.
What does Hemlo grade D mean?
Hemlo grade D means “Acceptable, with remarks”. The grade scale runs from A to G and is based on Hemlo's health score 0–10 — an independent assessment of the association's annual report. Brf Hugin 2 has a health score of 5 out of 10.