Apartment association · Kärdla linn, Hiiumaa vald
Hiiu tn 50 apartment association
Hiiumaa vald, Kärdla linn, Hiiu tn 50 korteriühistu (registry code 80119927) manages a 3-storey panel building built in 1982 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €140,016 (€305 per m² of flat space) and it held €8,358 in cash. In 2023 long-term liabilities rose from €0 to €138,671 — usually a sign of a renovation.
Board
- MRMarju Reinbergboard member3 months
- TATõnis Aljasboard member6 years 2 months
- House conditionaverage
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1982
- Storeys
- 3
- Construction
- panel
- Flats
- 12
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Hiiumaa vald, built 1977–1987, panel (15 associations).
Finances by year
Loan principal repayment is an estimated €1.04 per m² of flat space a month, about €52 a month for a 50 m² flat (interest not included) — more than 88% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2050.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €140,016 | €13,340 | €8,358 | €11,034 | €1,740 |
| 2024 | €145,766 | €9,282 | €6,836 | €29,752 | — |
| 2023 | €138,671 | €11,008 | €9,288 | €155,571 | — |
| 2022 | €0 | €10,906 | €13,223 | €2,431 | — |
| 2021 | €0 | €4,585 | €10,285 | €1,376 | — |
| 2020 | €0 | €1,442 | €7,772 | €3,137 | — |
| 2019 | €0 | €1,043 | €6,721 | €3,439 | — |
Compared with similar buildings (Hiiumaa vald, built 1977–1987, panel; 15 associations), long-term liabilities per m² of flat space are higher than 87% of them. The median for buildings with a loan is €27/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €1,836–€1,836 per m².
What is your flat worth?
An estimate for a flat at Hiiu tn 50 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Tormi tn 1Kärdla linn1987 · 12 flats | €13,172 | €4,690 | 2025 |
| C | Hiiu tn 52Kärdla linn1986 · 12 flats | €0 | €14,005 | 2025 |
| C | Heltermaa mnt 23Kärdla linn1974 · 12 flats | €0 | €44,807 | 2025 |
| B | Heltermaa mnt 19Kärdla linn1983 · 12 flats | €61,321 | €7,790 | 2025 |
| B | Heltermaa mnt 21Kärdla linn1973 · 12 flats | €72,196 | €70,775 | 2025 |
| C | Tormi tn 2Kärdla linn1982 · 24 flats | €0 | €65,283 | 2025 |
| B | Heltermaa mnt 18Kärdla linn1990 · 12 flats | €41,467 | €10,926 | 2025 |
| C | Tormi tn 4Kärdla linn1984 · 24 flats | €0 | €57,895 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €140,016 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 €8,358.
When was the building built?
According to the building register, it was first used in 1982 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Marju Reinberg, Tõnis Aljas (board since 04.08.2020).
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.