Apartment association · Sillamäe linn

Geoloogia tn 16 apartment association

Sillamäe linn, Geoloogia tn 16 korteriühistu (registry code 80180200) manages a 9-storey panel building built in 1988 with 72 flats. According to its 2025 annual report, the association's long-term liabilities were €26,088 (€6 per m² of flat space) and it held €26,440 in cash. In 2023 long-term liabilities rose from €0 to €24,945 — usually a sign of a renovation.

Board

  • AAAleksandr Aleksejevboard member4 months
  • IIIgor Ivanovboard member4 months
  • JSJevgeni Sokolovboard member2 years 3 months
  • PMPavel Meshcheryakov-Ilyakovboard member2 years 3 months
  • SMSergey Maslovboard member4 years 3 months
C
Association grade
C · average
Sillamäe linn: ranked 56 of 162 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash buffergood
cash next to the loan, 3-year average
Managementgood
reports filed on time

Building

Built
1988
Storeys
9
Construction
panel
Flats
72
Lift
yes
Heating
district heating

Building page: Geoloogia tn 16 →

Long-term liabilities
€26,088
as of 31.12.2025
Liabilities per m²
€6
similar buildings with a loan €7
Cash
€26,440
€7/m² · similar €8/m²
Income per m² a month
€1.37
similar buildings €1.30

Compared with similar buildings: Sillamäe linn, built 1983–1993, panel (33 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²20210 €/m²20226 €/m²new loan20237 €/m²20246 €/m²2025
similar buildings with a smaller loan (median)

Loan principal repayment is an estimated €0.07 per m² of flat space a month, about €4 a month for a 50 m² flat (interest not included) — less than 96% of associations repaying a loan. The median is €0.52 in Estonia and €0.34 in Sillamäe linn. At the current pace the loan will be repaid around 2033.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€26,088€8,929€26,440€66,460€6,471
2024€29,537€13,993€32,256€51,209€3,878
2023€24,945€10,393€15,674€44,464€2,967
2022€0€30,884€20,903€50,965€2,967
2021€0€45,268€34,718€24,816€2,967
2020€0€44,435€40,241€16,158€2,967
2019€0€33,807€26,874€16,239€3,889

Compared with similar buildings (Sillamäe linn, built 1983–1993, panel; 33 associations), long-term liabilities per m² of flat space are higher than 79% of them. The median for buildings with a loan is €7/m².

Flats in this building

Over the last 12 months 1 flat has been for sale in this building, asking €920–€920 per m².

Estate agents in Sillamäe · Flat prices in Sillamäe

Estate agents who have offered flats in this building

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An estimate for a flat at Geoloogia tn 16 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
DGeoloogia tn 141988 · 36 flats€0€17,6902025
CGeoloogia tn 201987 · 36 flats€20,625€24,1482025
CGeoloogia tn 241987 · 36 flats€0€33,3462025
CGeoloogia tn 101988 · 36 flats€6,286€11,7542025
CJ. Gagarini tn 371993 · 82 flats€0€59,7842025
CGeoloogia tn 8/31989 · 36 flats€16,568€10,6282025
CJ. Gagarini tn 351990 · 94 flats€0€18,4892025
CGeoloogia tn 8/21989 · 36 flats€0€20,7992025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €26,088 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 €26,440.

When was the building built?

According to the building register, it was first used in 1988 and has 9 storeys.

Who is on the association's board?

According to the business register, the board members are Aleksandr Aleksejev, Igor Ivanov, Jevgeni Sokolov, Pavel Meshcheryakov-Ilyakov, Sergey Maslov (board since 27.06.2022).

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.