Apartment association · Tallinn

Vormsi tn 4 apartment association

Tallinn, Vormsi tn 4 korteriühistu (registry code 80064770) manages a 9-storey panel building built in 1984 with 60 flats. According to its 2025 annual report, the association's long-term liabilities were €0 and it held €9,187 in cash. The report shows no long-term liabilities.

Board

  • HVHardy Viilupboard member8 years 9 months
  • ILIndrek Loorentsboard member8 years 9 months
B
Association grade
B · good
Tallinn: ranked 1537 of 4,374 graded associations.
House conditiongood
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferaverage
cash per m², 3-year average
Managementaverage
reports filed on time

Building

Built
1984
Storeys
9
Construction
panel
Flats
60
Lift
yes
Heating
district heating
Renovated
yes

Works on the building

Energy class has improved: G (2009) → C (2022)

per the building register

Energy class
  • A
  • B
  • CCvalid until 05.02.2032
  • D
  • E
  • F
  • G
  • H

Building page: Vormsi tn 4 →

Long-term liabilities
€0
as of 31.12.2025
Cash
€9,187
€2/m² · similar €12/m²
Income per m² a month
€1.83
similar buildings €0.94

Compared with similar buildings: Tallinn, built 1979–1989, panel (361 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
2 €/m²20190 €/m²20200 €/m²20210 €/m²20220 €/m²20230 €/m²20240 €/m²2025
similar buildings with a smaller loan (median)
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€0€27,844€9,187€83,591€29,552
2024€0€92,971€50,099€44,375€27,775
2023€0€90,958€51,328€30,808€24,592
2022€0€76,281€40,009€21,239€21,395
2021€0€52,335€24,406€34,729€19,813
2020€0€43,583€20,344€36,443€20,625
2019€7,406€34,956€12,101€41,049€18,420

Of similar buildings (Tallinn, built 1979–1989, panel; 361 associations), 29% 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 €3,517–€3,517 per m². 1 flat was offered for rent at €450 a month.

Estate agents in Kuristiku · Flat prices in Kuristiku

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
AVormsi tn 61989 · 89 flats€0€89,8902025
AVormsi tn 121990 · 45 flats€61,062€53,7402025
BVormsi tn 101994 · 30 flats€0€17,0802025
DLäänemere tee 111994 · 45 flats€78,764€25,1032024
CVormsi tn 81988 · 30 flats€143,429€22,2662025
AVormsi tn 161989 · 132 flats€384,127€52,8422025
CLäänemere tee 91994 · 60 flats€0€126,5082025
CVormsi tn 181989 · 129 flats€0€23,9352025

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 €9,187.

When was the building built?

According to the building register, it was first used in 1984 and has 9 storeys.

Who is on the association's board?

According to the business register, the board members are Hardy Viilup, Indrek Loorents (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.