Apartment association · Sillamäe linn
Geoloogia tn 8/3 apartment association
Sillamäe linn, Geoloogia tn 8/3 korteriühistu (registry code 80180708) manages a 9-storey panel building built in 1989 with 36 flats. According to its 2025 annual report, the association's long-term liabilities were €16,568 (€8 per m² of flat space) and it held €10,628 in cash.
Board
- AOAndrei Okamantšukboard member8 years 9 months
- AVAndrey Verzilovboard member1 year 5 months
- VBVladimir Bilanboard member8 years 9 months
- 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
- 1989
- Storeys
- 9
- Construction
- panel
- Flats
- 36
- Lift
- yes
- Heating
- district heating
Building page: Geoloogia tn 8/3 →
Compared with similar buildings: Sillamäe linn, built 1984–1994, panel (31 associations).
Finances by year
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 2034.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €16,568 | €6,049 | €10,628 | €10,927 | €3,728 |
| 2024 | €10,803 | €5,606 | €8,056 | €10,950 | €3,804 |
| 2023 | €4,440 | €6,067 | €4,387 | €19,218 | €2,720 |
| 2022 | €6,177 | €8,945 | €10,825 | €15,358 | €3,685 |
| 2021 | €4,094 | €6,548 | €6,896 | €12,976 | €3,733 |
| 2020 | €0 | €6,592 | €3,051 | €39,473 | €3,747 |
| 2019 | €8,124 | €4,668 | €10,324 | €11,114 | €3,574 |
Compared with similar buildings (Sillamäe linn, built 1984–1994, panel; 31 associations), long-term liabilities per m² of flat space are higher than 84% of them. The median for buildings with a loan is €7/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 Geoloogia tn 8/3 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Geoloogia tn 8/21989 · 36 flats | €0 | €20,799 | 2025 |
| B | Geoloogia tn 8/11996 · 36 flats | €0 | €20,544 | 2025 |
| C | Geoloogia tn 101988 · 36 flats | €6,286 | €11,754 | 2025 |
| D | Geoloogia tn 141988 · 36 flats | €0 | €17,690 | 2025 |
| C | Geoloogia tn 161988 · 72 flats | €26,088 | €26,440 | 2025 |
| C | Geoloogia tn 201987 · 36 flats | €20,625 | €24,148 | 2025 |
| B | Viru pst 39a1985 · 103 flats | €0 | €22,506 | 2025 |
| C | Viru pst 37c1986 · 36 flats | €0 | €12,094 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €16,568 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 €10,628.
When was the building built?
According to the building register, it was first used in 1989 and has 9 storeys.
Who is on the association's board?
According to the business register, the board members are Andrei Okamantšuk, Andrey Verzilov, Vladimir Bilan (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.