Apartment association · Viljandi linn
Riia mnt 40 apartment association
Viljandi linn, Riia mnt 40 korteriühistu (registry code 80401244) manages a 5-storey panel building built in 1978 with 60 flats. According to its 2025 annual report, the association's long-term liabilities were €410,912 (€122 per m² of flat space) and it held €34,256 in cash. Long-term liabilities have fallen 28% since 2019.
Board
- AMAgo Merilaboard member8 years 9 months
- ALAnne-Mai Lelumeesboard member8 years 9 months
- LSLiisi Seilboard member8 years 9 months
- VTVelve Toomikboard member5 years 2 months
- House conditiongood
- 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
- 1978
- Storeys
- 5
- Construction
- panel
- Flats
- 60
- Lift
- no
- Heating
- district heating
- Renovated
- yes
Works on the building
per the building register
Compared with similar buildings: Viljandi linn, built 1973–1983, panel (30 associations).
Finances by year
Loan principal repayment is an estimated €0.61 per m² of flat space a month, about €31 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 €0.71 in Viljandi linn. At the current pace the loan will be repaid around 2042.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €410,912 | €54,374 | €34,256 | €87,504 | €11,408 |
| 2024 | €441,700 | €52,528 | €50,779 | €94,024 | €8,874 |
| 2023 | €467,147 | €53,916 | €32,049 | €70,834 | €7,864 |
| 2022 | €489,337 | €51,930 | €34,945 | €55,097 | €7,067 |
| 2021 | €512,752 | €56,369 | €35,450 | €63,445 | €1,995 |
| 2020 | €541,898 | €52,272 | €30,728 | €64,247 | €1,995 |
| 2019 | €570,502 | €50,766 | €29,374 | €61,658 | €1,995 |
Compared with similar buildings (Viljandi linn, built 1973–1983, panel; 30 associations), long-term liabilities per m² of flat space are higher than 73% of them. The median for buildings with a loan is €78/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €1,395–€1,395 per m². 1 flat was offered for rent at €270 a month.
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| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| A | Riia mnt 40a1978 · 45 flats | €518,948 | €26,553 | 2025 |
| – | Riia mnt 421999 | no reports | ||
| C | Riia mnt 65a1978 · 12 flats | €0 | €26,990 | 2024 |
| C | Riia mnt 381977 · 36 flats | €57,928 | €65,275 | 2025 |
| D | Riia mnt 811973 · 16 flats | €351,457 | €5,899 | 2025 |
| D | Riia mnt 711977 · 90 flats | €250,434 | €292,404 | 2025 |
| E | Riia mnt 651978 · 16 flats | €451,266 | €252,677 | 2025 |
| E | Riia mnt 671982 · 18 flats | €154,407 | €8,453 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €410,912 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 €34,256.
When was the building built?
According to the building register, it was first used in 1978 and has 5 storeys.
Who is on the association's board?
According to the business register, the board members are Ago Merila, Anne-Mai Lelumees, Liisi Seil, Velve Toomik (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.