Apartment association · Sõmeru alevik, Rakvere vald
Aasa tn 5 apartment association
Rakvere vald, Sõmeru alevik, Aasa tn 5 korteriühistu (registry code 80158420) manages a 3-storey panel building built in 1990 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €165,036 (€193 per m² of flat space) and it held €38,767 in cash. In 2021 long-term liabilities rose from €0 to €187,047 — usually a sign of a renovation.
Board
- AEAare Eskorboard member8 years 9 months
- ESEne Soosaarboard member8 years 9 months
- USUrmas Sipriaboard member8 years 9 months
- House conditiongood
- age, energy class and works done
- Loan affordabilityweak
- loan vs the association's annual income
- Cash bufferaverage
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1990
- Storeys
- 3
- Construction
- panel
- Flats
- 12
- Lift
- no
- Heating
- district heating
- Renovated
- yes
Works on the building
per the building register
- A
- BBvalid until 11.01.2033
- C
- D
- E
- F
- G
- H
Compared with similar buildings: Rakvere vald (69 associations).
Finances by year
Loan principal repayment is an estimated €0.53 per m² of flat space a month, about €27 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia and €0.55 in Rakvere vald. At the current pace the loan will be repaid around 2056.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €165,036 | €8,179 | €38,767 | €5,324 | — |
| 2024 | €171,593 | €7,612 | €40,979 | €3,799 | — |
| 2023 | €177,745 | €6,664 | €38,287 | €4,575 | €0 |
| 2022 | €182,302 | €6,960 | €35,445 | €4,822 | €0 |
| 2021 | €187,047 | €8,666 | €32,575 | €231,920 | €0 |
| 2020 | €0 | €1,494 | €33,677 | €10,240 | €0 |
| 2019 | €0 | €1,447 | €24,854 | €10,240 | €0 |
Compared with similar buildings (Rakvere vald; 69 associations), long-term liabilities per m² of flat space are higher than 84% of them. The median for buildings with a loan is €92/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
What is your flat worth?
An estimate for a flat at Aasa tn 5 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Jõe tn 8Sõmeru alevik1984 · 8 flats | no reports | ||
| B | Jõe tn 6Sõmeru alevik1961 · 6 flats | €14,879 | €4,284 | 2024 |
| – | Jõe tn 4aSõmeru alevik, Jõe tn 4 | €71,271 | €9,613 | 2025 |
| A | Põllu tn 9Sõmeru alevik1968 · 12 flats | €144,617 | €14,430 | 2025 |
| C | Põllu tn 4Sõmeru alevik1973 · 18 flats | €177,773 | €20,148 | 2025 |
| D | Tiigi tn 4aSõmeru alevik, Tiigi tn 11984 · 9 flats | €29,084 | €27,140 | 2025 |
| B | Puiestee tn 1Sõmeru alevik1983 · 30 flats | €0 | €11,707 | 2025 |
| – | Puiestee tn 4Sõmeru alevik1984 · 4 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €165,036 of long-term liabilities. The report's key figures do not separate a bank loan from a renovation grant — the association's own statement gives the exact loan balance.
How much cash does the association have?
At the end of 2025 the association held €38,767.
When was the building built?
According to the building register, it was first used in 1990 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Aare Eskor, Ene Soosaar, Urmas Sipria (board since 07.01.2018).
How is the association grade calculated?
The A–E grade is built from public data and compares the association with all apartment associations in Estonia. House condition (40%) takes the building's age into account – a new house needs no renovation – along with the energy certificate and the works on the building that its flats' sale ads describe (sellers' and brokers' unverified claims) – the more works (facade, roof, pipes, heating and so on), the better; in an older building, a loan taken for renovation also counts as investment. Loan affordability (30%) shows how many years of income the long-term liabilities equal – up to three years is entirely normal. Cash buffer (10%) is cash per m² of flat space averaged over the last three year-ends: without a loan a bigger buffer is better; with a loan a moderate one is enough. Management (20%) shows whether the last three years' reports were filed, and on time, with extra points for a professional manager. A loan is not bad in itself: in an older building it usually means the house has been renovated. The grade is updated weekly.
Where does the data come from?
Finances: business register open data (annual-report key figures, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.