Hemlo's BRF analysis

Brf Kullen

Org. no. 769629-9614 · Göteborg

Acceptable, with remarksBased on the 2025 annual report · Analysed 28 Jul 2026

Top 43% in Göteborg

Summary

Brf Kullen receives Hemlo grade D (6 out of 10) in Hemlo's independent analysis of the 2025 annual report. The debt is 11,385 kr per square metre and the annual fee is 1,062 kr per square metre per year. Higher fee per m² than 89% of associations in Göteborg. The annual fee has increased 20% over 2 years. The analysis highlights, among other things: Hög belåning med mycket känslig avgiftsbild, Samlade låneförfall 2027 ökar refinansieringsrisken, Mycket låg underhållsfond i förhållande till framtida behov.

Compared with neighbouring associations

  • Higher debt per m² than 73% of associations in Göteborg
  • Higher fee per m² than 89% of associations in Göteborg
  • Smaller maintenance fund than 72% of associations in Göteborg
  • Higher equity ratio than 65% of associations in Göteborg

Trend over time

Key figures from the co-op's recent annual reports.

Fee/m²1 062 kr/m²
+20% over 2 yr20232025
Debt/m²11 385 kr/m²
-3% over 3 yr20222025
Equity ratio69 %
0 pp over 3 yr20222025

Association facts

Municipality
Göteborg
Built
2021
Apartments
46
Total area
2 737 m²

Identified risks

  • High levels of borrowing with a very sensitive fee profileCritical
  • Total loan maturities in 2027 increase the refinancing riskHigh
  • Very low maintenance fund in relation to future needsHigh

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

Full analysis

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  • Debt per square metre11,385 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 metre1,062 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 Kullen a financially healthy housing cooperative?
Brf Kullen receives Hemlo grade D (6 out of 10) in Hemlo's independent analysis of the 2025 annual report.
How high is the debt in Brf Kullen?
The debt is 11,385 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 73% of associations in Göteborg.
How high is the fee in Brf Kullen?
The annual fee is 1,062 kr per square metre per year. Fee per square metre makes associations of different sizes comparable. The annual fee has increased 20% over 2 years.
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 Kullen has a health score of 6 out of 10.