Apartment association · Pärnu linn
Vee tn 4 apartment association
Pärnu linn, Vee tn 4 korteriühistu (registry code 80042610) manages a 5-storey brick building built in 1960 with 56 flats. According to its 2025 annual report, the association's long-term liabilities were €58,266 (€20 per m² of flat space) and it held €5,276 in cash. In 2021 long-term liabilities rose from €0 to €97,717 — usually a sign of a renovation.
Board
- PPPeeter Pihelgasboard member5 years 5 months
- RKRoman Kivesteboard member5 years 5 months
- House conditionweak
- 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
- 1960
- Storeys
- 5
- Construction
- brick
- Flats
- 56
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Pärnu linn, built 1955–1965, brick (58 associations).
Finances by year
Loan principal repayment is an estimated €0.28 per m² of flat space a month, about €14 a month for a 50 m² flat (interest not included) — less than 79% of associations repaying a loan. The median is €0.52 in Estonia and €0.48 in Pärnu linn. At the current pace the loan will be repaid around 2031.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €58,266 | €18,013 | €5,276 | €87,905 | -€3,069 |
| 2024 | €69,504 | €35,995 | €29,065 | €55,792 | -€2,999 |
| 2023 | €79,632 | €42,279 | €30,005 | €40,205 | €2,993 |
| 2022 | €88,194 | €35,298 | €17,897 | €47,507 | €1,746 |
| 2021 | €97,717 | €29,931 | €11,914 | €180,359 | €0 |
| 2020 | €0 | €48,240 | €36,298 | €43,199 | €0 |
| 2019 | €0 | €46,327 | €31,438 | €34,901 | €0 |
Compared with similar buildings (Pärnu linn, built 1955–1965, brick; 58 associations), long-term liabilities per m² of flat space are higher than 47% of them. The median for buildings with a loan is €74/m².
Flats in this building
3 flats were offered for rent at €350–€450 a month.
Estate agents in Kesklinn · Flat prices in Kesklinn
Estate agents who have offered flats in this building
- Kaja KuusikKaja Kinnisvara OÜ1 flat
What is your flat worth?
An estimate for a flat at Vee tn 4 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Munga tn 111999 · 5 flats | €0 | €8,549 | 2021 |
| – | Munga tn 21995 | no reports | ||
| B | Uus tn 61999 · 3 flats | €0 | €1,592 | 2024 |
| A | Õhtu põik 61960 · 23 flats | €0 | €27,390 | 2025 |
| – | Nikolai tn 102009 · 4 flats | no reports | ||
| – | Nikolai tn 7 // Rüütli tn 141998 · 5 flats | no reports | ||
| – | Õhtu põik 41961 | €0 | €10,442 | 2025 |
| – | Nikolai tn 121999 · 3 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €58,266 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 €5,276.
When was the building built?
According to the building register, it was first used in 1960 and has 5 storeys.
Who is on the association's board?
According to the business register, the board members are Peeter Pihelgas, Roman Kiveste (board since 17.05.2021).
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.