Apartment association · Kärdla linn, Hiiumaa vald
Tormi tn 8 apartment association
Hiiumaa vald, Kärdla linn, Tormi tn 8 korteriühistu (registry code 80022671) manages a 3-storey reinforced-concrete building built in 1987 with 24 flats. According to its 2024 annual report, the association's long-term liabilities were €7,340 (€5 per m² of flat space) and it held €6,579 in cash. Long-term liabilities have fallen 53% since 2019.
Board
- TSTarmo Selisteboard member1 year 3 monthsalso: Ravi tn 7 // Uus-Tatari tn 8, Risti tn 7b, Sääse tn 5, Tormi tn 6 + 5 more
- 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 · professional manager
Building
- Built
- 1987
- Storeys
- 3
- Construction
- reinforced concrete
- Flats
- 24
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Hiiumaa vald, built 1982–1992 (39 associations).
Finances by year
Loan principal repayment is an estimated €0.10 per m² of flat space a month, about €5 a month for a 50 m² flat (interest not included) — less than 95% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2029.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2024 | €7,340 | €4,242 | €6,579 | €10,352 | €0 |
| 2023 | €9,062 | €5,070 | €6,442 | €10,115 | €0 |
| 2022 | €10,562 | €4,238 | €5,969 | €10,115 | €0 |
| 2021 | €12,212 | €3,782 | €9,957 | €10,115 | €0 |
| 2020 | €13,882 | €3,417 | €5,481 | €12,548 | €0 |
| 2019 | €15,482 | €3,219 | €1,198 | €8,494 | €1,124 |
Compared with similar buildings (Hiiumaa vald, built 1982–1992; 39 associations), long-term liabilities per m² of flat space are higher than 41% 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 8 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Tormi tn 6Kärdla linn1985 · 24 flats | €0 | €26,044 | 2025 |
| E | Tormi tn 10Kärdla linn1991 · 24 flats | €80,692 | €87,801 | 2025 |
| B | Heltermaa mnt 15Kärdla linn1991 · 9 flats | €105,392 | €17,266 | 2025 |
| – | Heltermaa mnt 11Kärdla linn1941 · 4 flats | no reports | ||
| C | Tormi tn 4Kärdla linn1984 · 24 flats | €0 | €57,895 | 2025 |
| C | Tormi tn 2Kärdla linn1982 · 24 flats | €0 | €65,283 | 2025 |
| – | Heltermaa mnt 7Kärdla linn1968 · 5 flats | no reports | ||
| B | Heltermaa mnt 19Kärdla linn1983 · 12 flats | €61,321 | €7,790 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2024 report, the association has €7,340 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 2024 the association held €6,579.
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 Tarmo Seliste (board since 27.06.2025).
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, 2019–2024). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.