Apartment association · Kärdla linn, Hiiumaa vald
Tormi tn 1 apartment association
Hiiumaa vald, Kärdla linn, Tormi tn 1 korteriühistu (registry code 80122450) manages a 3-storey panel building built in 1987 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €13,172 (€28 per m² of flat space) and it held €4,690 in cash. Long-term liabilities have fallen 67% since 2019.
Board
- HPHelen Pedoskboard member8 years 9 months
- IVIvo Vanaboard member8 years 9 months
- TETeet Elsteinboard member8 years 7 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
- 1987
- Storeys
- 3
- Construction
- panel
- Flats
- 12
- Lift
- no
- Heating
- district heating
- A
- B
- C
- DDvalid until 06.09.2032
- E
- F
- G
- H
Compared with similar buildings: Hiiumaa vald, built 1982–1992, panel (22 associations).
Finances by year
Loan principal repayment is an estimated €0.80 per m² of flat space a month, about €40 a month for a 50 m² flat (interest not included) — more than 77% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2028.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €13,172 | €15,994 | €4,690 | €2,120 | €0 |
| 2024 | €17,973 | €14,323 | €3,990 | €2,175 | €0 |
| 2023 | €22,583 | €12,791 | €7,475 | €3,565 | €0 |
| 2022 | €27,017 | €12,372 | €6,999 | €2,358 | €0 |
| 2021 | €31,223 | €10,805 | €5,575 | €2,467 | — |
| 2020 | €35,396 | €9,170 | €4,145 | €5,033 | — |
| 2019 | €39,552 | €9,663 | €4,385 | €3,434 | — |
Compared with similar buildings (Hiiumaa vald, built 1982–1992, panel; 22 associations), long-term liabilities per m² of flat space are higher than 59% of them. The median for buildings with a loan is €58/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 Tormi tn 1 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Hiiu tn 50Kärdla linn1982 · 12 flats | €140,016 | €8,358 | 2025 |
| C | Hiiu tn 52Kärdla linn1986 · 12 flats | €0 | €14,005 | 2025 |
| C | Tormi tn 2Kärdla linn1982 · 24 flats | €0 | €65,283 | 2025 |
| B | Heltermaa mnt 19Kärdla linn1983 · 12 flats | €61,321 | €7,790 | 2025 |
| C | Heltermaa mnt 23Kärdla linn1974 · 12 flats | €0 | €44,807 | 2025 |
| C | Tormi tn 4Kärdla linn1984 · 24 flats | €0 | €57,895 | 2025 |
| B | Heltermaa mnt 21Kärdla linn1973 · 12 flats | €72,196 | €70,775 | 2025 |
| B | Heltermaa mnt 15Kärdla linn1991 · 9 flats | €105,392 | €17,266 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €13,172 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 €4,690.
When was the building built?
According to the building register, it was first used in 1987 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Helen Pedosk, Ivo Vana, Teet Elstein (board since 07.01.2018).
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.