Hemlo's BRF analysis

Brf Noaks Ark

Org. no. 716403-3933 · Stockholm

Acceptable, with remarksBased on the 2025 annual report · Analysed 16 Oct 2026

Top 40% in Stockholm

Summary

Brf Noaks Ark receives Hemlo grade D (6 out of 10) in Hemlo's independent analysis of the 2025 annual report. The debt is 2,889 kr per square metre and the annual fee is 619 kr per square metre per year. Smaller maintenance fund than 85% of associations in Stockholm. The annual fee has increased 7% over 1 years. The analysis highlights, among other things: Kommande stambyte kan ge mycket stora kostnadsökningar, Stor refinansieringsrisk när alla lån förfaller samtidigt, Underhållsfonden är kraftigt otillräcklig inför stora åtgärder.

Compared with neighbouring associations

  • Lower debt per m² than 77% of associations in Stockholm
  • Lower fee per m² than 70% of associations in Stockholm
  • Smaller maintenance fund than 85% of associations in Stockholm
  • Lower equity ratio than 72% of associations in Stockholm

Trend over time

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

Fee/m²619 kr/m²
+7% over 1 yr2024–2025
Debt/m²2 889 kr/m²
+1% over 1 yr2024–2025
Equity ratio54 %
-1 pp over 1 yr2024–2025

Association facts

Municipality
Stockholm
Built
1967
Apartments
60
Total area
4 900 m²

Identified risks

  • Upcoming pipe replacement can lead to very large cost increasesCritical
  • High refinancing risk when all loans fall due at the same timeCritical
  • The maintenance fund is seriously inadequate ahead of major measuresHigh

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

Full analysis

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  • Debt per square metre2,889 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 metre619 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 Noaks Ark a financially healthy housing cooperative?
Brf Noaks Ark 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 Noaks Ark?
The debt is 2,889 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. Lower debt per m² than 77% of associations in Stockholm.
How high is the fee in Brf Noaks Ark?
The annual fee is 619 kr per square metre per year. Fee per square metre makes associations of different sizes comparable. The annual fee has increased 7% over 1 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 Noaks Ark has a health score of 6 out of 10.