Apartment association · Tallinn
Tööstuse tn 38 apartment association
Tallinn, Tööstuse tn 38 korteriühistu (registry code 80312950) manages a 2-storey wooden building built in 1899 with 6 flats. According to its 2025 annual report, the association's long-term liabilities were €4,733 (€23 per m² of flat space) and it held €759 in cash.
Board
- SESergo Eelmäeboard 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
- 1899
- Storeys
- 2
- Construction
- wood
- Flats
- 6
- Lift
- no
- Heating
- stove
Building page: Tööstuse tn 38 →
Compared with similar buildings: Tallinn, built 1894–1904, wood (45 associations).
Finances by year
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €4,733 | €893 | €759 | €1,368 | €0 |
| 2024 | €3,772 | €82 | €3,654 | €1,673 | €0 |
| 2023 | €3,117 | €222 | €3,160 | €2,502 | €0 |
| 2022 | €0 | €1,985 | €3,067 | €1,368 | €0 |
| 2021 | €0 | €1,209 | €1,437 | €1,368 | €0 |
| 2020 | €0 | €1,181 | €250 | €14,275 | €0 |
| 2019 | €2,011 | €78 | €11,638 | €2,253 | €0 |
Compared with similar buildings (Tallinn, built 1894–1904, wood; 45 associations), long-term liabilities per m² of flat space are higher than 58% of them. The median for buildings with a loan is €67/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 Tööstuse tn 38 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Graniidi tn 221946 · 6 flats | no reports | ||
| C | Graniidi tn 211946 · 8 flats | €0 | €10,919 | 2025 |
| – | Linda tn 111923 · 5 flats | no reports | ||
| B | Graniidi tn 231946 · 6 flats | €17,191 | €3,976 | 2025 |
| D | Linda tn 141935 · 8 flats | €0 | €15,475 | 2025 |
| – | Graniidi tn 23b1972 · 4 flats | no reports | ||
| D | Linda tn 71932 · 15 flats | €0 | €49,420 | 2025 |
| C | Graniidi tn 241924 · 14 flats | €0 | €14,360 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €4,733 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 €759.
When was the building built?
According to the building register, it was first used in 1899 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Sergo Eelmäe (board since 06.01.2018).
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.