Apartment association · Rakvere linn
Kibuvitsa tn 8 apartment association
Rakvere linn, Kibuvitsa tn 8 korteriühistu (registry code 80408079) manages a 2-storey brick building built in 1962 with 8 flats. According to its 2025 annual report, the association's long-term liabilities were €11,567 (€35 per m² of flat space) and it held €1,738 in cash.
Board
- ESEpp Salmistuboard member8 years 9 months
- KÕKadri Õunasboard member8 years 9 months
- MLMerle Laurimäeboard member8 years 9 months
- UTUrmas Trussboard 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
- Managementaverage
- reports filed on time
Building
- Built
- 1962
- Storeys
- 2
- Construction
- brick
- Flats
- 8
- Lift
- no
- Heating
- stove
Works on the building
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Majal on renoveeritud vundament ning katus.“ · ad of 1 flat
Building page: Kibuvitsa tn 8 →
Compared with similar buildings: Rakvere linn, built 1957–1967, brick (17 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 €0.65 in Rakvere linn. At the current pace the loan will be repaid around 2031.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €11,567 | €5,103 | €1,738 | €3,289 | €0 |
| 2024 | €13,898 | €5,625 | €2,961 | €3,161 | €0 |
| 2023 | €16,077 | €5,655 | €3,743 | €3,611 | €0 |
| 2022 | €18,032 | €6,227 | €4,459 | €1,825 | €0 |
| 2021 | €19,909 | €5,633 | €3,787 | €30,594 | €0 |
| 2020 | €0 | €7,454 | €7,483 | €1,176 | €0 |
| 2019 | €0 | €3,889 | €3,530 | €1,551 | €0 |
Compared with similar buildings (Rakvere linn, built 1957–1967, brick; 17 associations), long-term liabilities per m² of flat space are higher than 59% of them. The median for buildings with a loan is €111/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €1,019–€1,019 per m².
Estate agents in Rakvere · Flat prices in Rakvere
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| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| E | Kibuvitsa tn 61978 · 8 flats | €0 | €4,410 | 2025 |
| D | Kibuvitsa tn 101963 · 8 flats | €3,107 | €4,123 | 2024 |
| D | Tööstuse tn 5a1965 · 8 flats | €0 | €10,043 | 2025 |
| C | Kibuvitsa tn 41960 · 8 flats | €0 | €13,838 | 2025 |
| – | C. R. Jakobsoni tn 241961 · 6 flats | €0 | €3,723 | 2022 |
| A | Tööstuse tn 31961 · 8 flats | €0 | €20,534 | 2025 |
| E | Tööstuse tn 3a1932 · 6 flats | €125,572 | €5,468 | 2025 |
| – | Tööstuse tn 75 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €11,567 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 €1,738.
When was the building built?
According to the building register, it was first used in 1962 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Epp Salmistu, Kadri Õunas, Merle Laurimäe, Urmas Truss (board since 08.01.2018).
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.