Apartment association · Maardu linn

Ringi tn 11 apartment association

Maardu linn, Ringi tn 11 korteriühistu (registry code 80065019) manages a 5-storey panel building built in 1973 with 76 flats. According to its 2025 annual report, the association's long-term liabilities were €0 and it held €7,668 in cash. The report shows no long-term liabilities.

Board

  • AAAivar Aarikboard member8 years
  • MGMihhail Grišinboard member8 years
  • SSSergei Sergejenkovboard member8 years 9 monthsalso: Ringi tn 56, Veeru tn 4, Veeru tn 8
  • SGStepan Gudkovboard member8 years 9 months
  • VOVladimir Orlovboard member8 years 9 months
C
Association grade
C · average
Maardu linn: ranked 83 of 146 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferweak
cash per m², 3-year average
Managementgood
reports filed on time

Building

Built
1973
Storeys
5
Construction
panel
Flats
76
Lift
no
Heating
district heating
Energy class
  • A
  • B
  • C
  • DD
  • E
  • F
  • G
  • H

Building page: Ringi tn 11 →

Long-term liabilities
€0
as of 31.12.2025
Cash
€7,668
€2/m² · similar €10/m²
Income per m² a month
€2.35
similar buildings €1.59

Compared with similar buildings: Maardu linn, built 1968–1978 (26 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
6 €/m²20192 €/m²20200 €/m²20210 €/m²20220 €/m²20230 €/m²20240 €/m²2025
similar buildings with a smaller loan (median)
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€0€14,842€7,668€117,503€0
2024€0€13,848€6,665€127,965€0
2023€0€27,311€19,595€125,719€0
2022€0€44,115€5,146€166,523€0
2021€704€47,608€9,623€126,399€0
2020€9,686€46,655€2,350€106,284€0
2019€25,258€41,418€173€112,591€0

Of similar buildings (Maardu linn, built 1968–1978; 26 associations), 35% have long-term liabilities; this association has none.

Flats in this building

Over the last 12 months 1 flat has been for sale in this building, asking €1,658–€1,658 per m².

Estate agents in Maardu · Flat prices in Maardu

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CRingi tn 131981 · 76 flats€187,063€222,6902025
BRingi tn 51978 · 48 flats€644,184€58,4752025
CRingi tn 91988 · 48 flats€0€31,7382025
DRingi tn 31988 · 48 flats€0€12,8282025
BRingi tn 171988 · 76 flats€0€121,2772025
CKeemikute tn 41977 · 76 flats€11,090€25,2812025
–Keemikute tn 81971 · 103 flatsno reports
AHaigla tn 51975 · 40 flats€23,237€26,9422025

Frequently asked questions

Does the association have a loan?

The 2025 report shows no long-term liabilities.

How much cash does the association have?

At the end of 2025 the association held €7,668.

When was the building built?

According to the building register, it was first used in 1973 and has 5 storeys.

Who is on the association's board?

According to the business register, the board members are Aivar Aarik, Mihhail Grišin, Sergei Sergejenkov, Stepan Gudkov, Vladimir Orlov (board since 30.12.2017).

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.