Võru · Apartment association financial analysis
F. R. Kreutzwaldi tn 17 apartment association
Registered name: Võru city, F. R. Kreutzwaldi tn 17 korteriühistu
Reg. code 80262168 · 63 flats in the association · 2 316,4 m² association flat area · Report year 2025 · Building EHR 113020575
Võru city, F. R. Kreutzwaldi tn 17 apartment association (registry code 80262168) is the apartment association of the building at F. R. Kreutzwaldi tn 17, Võru (registry data as of 10.11.2026). Per the 2025 annual report: 63 flats in the association, repair-fund balance €24 000, bank-loan balance €25 521. Building facts and flat prices → · Board and contact · Sources
Average monthly cost per flat (2025 report)
Not in the report
Association payments (excl. utilities)
A regional comparison group with a sufficient sample is not available.
Repair fund balance
€24 000 (€10.4/m²)
Bank loan burden
€25 521
Financial health index (experimental)
Compared with the median (Kesklinna subdistrict)
–
The financial figures and calculation area cover the whole association. The apartment selector shows the separate building at F. R. Kreutzwaldi tn 17 (48 apartments).
Index components and methodology
76/100
Strong financial position
Financial health index · 2025 report · experimental
Financial health index · 2025 report · experimental
Liquidity (25%)64
Loan burden (20%)85
Receivables (15%)75
Repair fund (25%)80
Governance (15%)80
Calculated from public annual reports; the weights are published. How the index is calculated →
Calculated from the member fees in the 2025 annual report; utilities are not included. It is a past-year average, not the current tariff. Sources: the association's 2025 annual report (Business Register) and flat areas from the Building Register. Sources ↓
Aerial photo · building outline from the Building Register (EHR) · Orthophoto 28.04.2024, Maa- ja Ruumiamet (open data licence)
Location map · CARTO Voyager · © OpenStreetMap contributors
5-Year Reserve & Capital Trend
Reserve / flat
€381
Reserve / m²
€10.4 /m²
Bank loan debt
€11,0/m²
Liquidity & buffer
64/100 · 2.7 mo operating buffer (after the repair fund)
Debt burden
85/100 · €11,0 /m²
Payment discipline
75/100 · Receivables €13 377
Repair reserve level
80/100 · €10.4 /m² (reserve)
Reporting compliance
80/100 · 5 yrs filed in row
View full 5-year balance sheet & cost outlook →
Source: Business Register (2025)
Critical analysis for buyers
Three essential findings before buying a flat
Verified observations derived from official annual reports and the building registry for this property:
Reported finances
Bank loan and repair fund
The bank-loan balance was 25 521 €. The repair-fund balance was 24 000 €. Fund adequacy depends on planned works and their funding; check the budget plan and recent apartment bills.
Source: Annual report 2025; Estiq calculations
Repair expenditure
Repairs and maintenance carried out in report year
Repairs recorded in the report year totaled €1 695. Review the board's management report for the specific work schedule.
Source: Annual report 2025, repair expense line
Buyer verification
Request budget plan and debt clearance (KrtS § 43)
Under Estonian law (KrtS § 43), the purchaser is liable for the previous owner's unpaid association debts. Always demand a formal debt clearance certificate and recent meeting minutes before signing.
Source: Apartment Associations Act § 43
Costs by apartment type per the 2025 report
Calculated from the 2025 annual report (reg. 80262168) for 63 apartments in total.
Flat-table average 2025: Not determined
Repair-fund collections: No data
Recognized member revenue: €0,51 /m²
Loan principal, next 12 mo: €0,20 /m²
1-room
1 in the building
Recognized member revenue
€13 /flat
Repairs
—
Loan
€5 /flat
— /month
Allocated fund share €274
2-room
34 in the building
Recognized member revenue
€20 /flat
Repairs
—
Loan
€8 /flat
— /month
Allocated fund share €408
3-room
13 in the building
Recognized member revenue
€24 /flat
Repairs
—
Loan
€9 /flat
— /month
Allocated fund share €489
What the amounts shown include
Amounts come from the association's annual report (2025) divided by the association's total apartment area. Reports do not split costs by season, so actual summer and heating-season bills are not shown. Whether utilities (heating, water) are included depends on the association's billing.
Find your apartment in building
48 apartments in buildingSelect an apartment to estimate its value and historical report-based association costs.
Apartment 1 (2-room, 1. fl):
39,2 m²
min 26,4 m²
max 51,7 m²
Estimated monthly cost (2025 flat table):
— /mo
Recognized member revenue
€20 /flat
Repair fund
—
Association bank loan
€8 /flat
Accounting share of the repair fund (not withdrawable)
+€406
Calculated from the member fees in the 2025 annual report; utilities are not included. It is a past-year average, not the current tariff.
How the figures relate (2025): member fees recognised in the income statement €14 074 (€0.51/m²). These are different accounting quantities and cannot be added up; member fees and repair-fund collections partly overlap, and the flat-table total likely also includes passed-through utilities. Loan principal due in the next 12 months per the report: €5 517 (plus interest).
Building Technical Condition
Renovation Works and Technical Findings
Works, contractors and technical observations mentioned in annual reports and meeting records; see each record for status and source:
The reports contain no detailed entries on completed repair works
The official annual reports do not include a separate table of completed works or itemised cost lines. Repair costs shown in the reports: €1 695.
Advice for buyers: Ask the association board for the latest general meeting minutes, the approved budget plan and the apartment utility bills for the last 12 months, to confirm the real technical condition of the building and planned works before making an offer.
Sources
- The association's 2025 annual report (01.01–31.12.2025) — original PDF on the Business Register card (annual reports) ↗
- Flat areas and building data: Building Register (EHR), building 113020575.
- Figures are machine-read from the report and checked automatically by Estiq (balance-sheet totals against the notes); no person has reviewed them. Found an error? Write to [email protected].
A more detailed, automatically generated financial analysis (experimental) with its inputs and limitations.
Open the financial analysis ↗
Association 5-year financial trends
Official report data (2021–2025) from the Business Register
| Year | Member income (per report) | Repair fund inflow | Repairs done | Repair fund balance | Bank loans | Cash on accounts |
|---|---|---|---|---|---|---|
| 2025 | €14 074 | — | €1 695 | €24 000 | €25 521 | €26 643 |
| 2024 | €13 510 | — | €532 | €14 462 | €31 014 | €19 264 |
| 2023 | €38 942 | — | €26 785 | €3 781 | €35 945 | €8 055 |
| 2022 | €56 558 | — | €45 755 | €18 601 | €15 851 | €23 751 |
| 2021 | €13 090 | — | €2 122 | €28 146 | €18 942 | €32 354 |
Balance sheet at year end (2025)
Cash in bank accounts
€26 643
Receivables (report balance lines)
€13 377
Payables to suppliers (utilities)
€0
Bank loan balance
€25 521
Reserve capital
€0
Repair fund adequacy
Repair fund balance
€24 000
Repair fund balance per m²
€10,4 /m²
Repair fund balance per apartment (average)
ca €381
Annual inflow to the repair fund
—
Balance relative to annual repair costs
14,2 yrs
76
/ 100
Experimental model
Strong financial position
Association financial health index (76 / 100)
An experimental analytical model rates the association balance sheet, loan burden, residents payment discipline and repair fund adequacy across 5 independent dimensions (aligned with RTJ 14).
Liquidity
25% weight
64/100
Coverage of short-term liabilities by cash (estimated coverage period)
Loan burden and liabilities
20% weight
85/100
Remaining bank loan principal and short-term debts
Receivables and payment discipline
15% weight
75/100
Ratio of receivables to annual turnover and its trend
Repair fund adequacy
25% weight
80/100
Accumulated repair fund balance per m² and per apartment
Reporting and governance
15% weight
80/100
Consistency of filed reports and board composition
Model: Estiq Association Financial Health v2.1 (Experimental) · Based on Accounting Standards Board guideline RTJ 14
Regional comparison
Comparison with peers and neighbors
Comparison against local apartment association fee benchmarks, reserve levels and liabilities.
Fee level compared with the peer cohort
Monthly cost /m²
Data unavailable
Median (Kesklinna subdistrict)
–
Typical range (IQR)
–
Difference vs median
–
Key ratios and liabilities
Cost tier assessment
Cohort sample insufficient
Debt compared with the peer cohort
€25 521 · €11,0/m²
Receivables relative to annual costs
113.8 % of annual costs
Flats in the association
63 flats
Comparison with neighboring buildings on the same street
Repair fund and debt figures of neighboring associations from their latest annual reports.
| Building / Association | Flats | Repair fund €/m² | Bank loan | Cost €/m² a month (report) |
|---|---|---|---|---|
| F. R. Kreutzwaldi tn 17 This association | 63 | €10,40 | €25 521 | – |
| F. R. Kreutzwaldi tn 2 ↗ | – | – | €202 591 | – |
| F. R. Kreutzwaldi tn 5 ↗ | – | – | 0 € | – |
| F. R. Kreutzwaldi tn 9 ↗ | 7 | €0,00 | 0 € | – |
| F. R. Kreutzwaldi tn 12 ↗ | 10 | €0,00 | €33 258 | – |
| F. R. Kreutzwaldi tn 19 ↗ | 6 | €0,00 | 0 € | – |
| F. R. Kreutzwaldi tn 22 ↗ | – | – | €539 817 | – |
| F. R. Kreutzwaldi tn 25a ↗ | – | – | 0 € | – |
| F. R. Kreutzwaldi tn 26 ↗ | – | – | 0 € | – |
| F. R. Kreutzwaldi tn 29 ↗ | 7 | €0,00 | 0 € | – |
| F. R. Kreutzwaldi tn 30 ↗ | 37 | €74,48 | 0 € | – |
| F. R. Kreutzwaldi tn 41 ↗ | 9 | €0,00 | 0 € | – |
| F. R. Kreutzwaldi tn 43c ↗ | 13 | €0,00 | 0 € | – |
| F. R. Kreutzwaldi tn 45 ↗ | 5 | €0,00 | 0 € | – |
| F. R. Kreutzwaldi tn 53 ↗ | – | – | 0 € | – |
| F. R. Kreutzwaldi tn 54a ↗ | – | – | €290 210 | – |
Nearby (within 500 m)
Similar-sized associations in the area (±35% flats)
Tartu tn 45 · 45 flats · 107 m
Tartu tn 40 · 48 flats · 136 m
Vabaduse tn 3 · 50 flats · 412 m
F. R. Kreutzwaldi tn 56b · 70 flats · 499 m
Vabriku tn 6 · 55 flats · 513 m
F. R. Kreutzwaldi tn 58b · 70 flats · 548 m
Uus tn 12 · 50 flats · 584 m
Vabriku tn 8 · 55 flats · 591 m
Petseri tn 19 · 55 flats · 650 m
Petseri tn 9 · 55 flats · 663 m
Buyer Due Diligence (Apartment Associations Act § 43)
Buyer checklist: 7 checks before purchase
When buying a flat, the purchaser also acquires a proportional share in all building loans, repair liabilities and past arrears. This checklist is tailored to this association’s actual data:
Utility bills
Essential check
Request the seller’s past 12 months of association invoices
Reveals exact winter heating costs, monthly maintenance fees, and actual payable amounts for this specific apartment.
Included in the Estiq association pre-purchase check
Management plan
Document from board
Review the approved annual management plan (majanduskava)
Shows whether the association plans to increase fees or commission new repairs during the current year, and verifies statutory reserve capital compliance (KrtS § 48).
Included in the Estiq association pre-purchase check
Repair fund drop
Ask the board
Ask the board what caused the repair-fund drop between 2022 and 2023
The repair-fund balance fell from €18 601 to €3 781. This can mean completed renovation work (fine if documented) or the fund being used for running costs. Ask for the work acceptance documents and the plan for the next repair.
Included in the Estiq association pre-purchase check
Bank loan
Financial obligation
Clarify this apartment’s share in the loan balance and loan terms
The association has an outstanding loan of €25 521. Check the maturity date and interest terms in the loan agreement. Ask the association for the current loan agreement and this flat's share of the monthly repayment.
Included in the Estiq association pre-purchase check
Building condition
Internal records
Request the minutes of general meetings from the past 3 years
Minutes reveal recurring resident complaints (e.g. roof leaks, heating, ventilation, parking disputes) and approved works.
Included in the Estiq association pre-purchase check
Payment arrears
Legal protection
Confirm that the association has no severe arrears and this flat is debt-free
Under the Apartment Associations Act, a buyer can be liable for unpaid debts of the previous owner. Obtain an official debt-free certificate.
Included in the Estiq association pre-purchase check
Reporting timeliness
Governance check
Check annual report filing timeliness and board internal controls
By law, the annual report must be approved and filed within 6 months of year-end. Filing reports retroactively or in multi-year batches indicates delayed administrative follow-up.
Included in the Estiq association pre-purchase check
Would you like help with these checks?
Order an independent association pre-purchase check (€149) before signing a binding offer.
Board and official registry data
The apartment association is entered in the register of non-profit associations and foundations kept by the registry department of the court.
Official Business Register card
Full name
Võru city, F. R. Kreutzwaldi tn 17 apartment association
Registry code
80262168
Legal form
Apartment association
Status
See the Business Register ↗
Association contact
On the Business Register card ↗ (Estiq does not relay the association's contacts)
Financial year
01.01 – 31.12
Management and related properties
Main building address
F. R. Kreutzwaldi tn 17, Võru
EHR building code
113020575 →
Building and association
The association's address and the managed building may differ; the official address is in the Business Register.
Apartments in the association
63 apartments
Related building price info
View the building value page →
Frequently asked questions about the apartment association
What are the finances of the F. R. Kreutzwaldi tn 17 apartment association?
From the 2025 annual report (reg. code 80262168): 63 flats in the association, repair-fund balance €24 000 (€10/m²), bank loans €25 521.
What is the registry code of the F. R. Kreutzwaldi tn 17 apartment association and who is on the board?
The registered name is Võru city, F. R. Kreutzwaldi tn 17 apartment association, registry code 80262168. The current board and the association's contact details are on its Business Register card (ariregister.rik.ee); Estiq does not publish board members' names or relay the association's contacts. Registry data as of 10.11.2026.
Is a buyer liable for the association's loans and the seller's arrears?
All owners repay the association's loan through their monthly charges, in proportion to their share. Under § 43 of the Apartment Ownership and Apartment Associations Act, a new owner is also liable, together with the previous owner, for the previous owner's unpaid charges. This association's loan balance at the end of 2025: €25 521.
Is the F. R. Kreutzwaldi tn 17 repair fund sufficient?
At the end of 2025 the repair-fund balance was €24 000 (€10/m²). Repair costs for the year: €1 695. The balance is a snapshot at the end of the reporting period; it does not show that future major works (roof, facade, pipes) are covered. Ask the seller for the latest technical inspection and general-meeting plans.
Does the F. R. Kreutzwaldi tn 17 apartment association have a loan?
Yes. The loan balance at the end of 2025 was €25 521 (≈ €405 per flat).
Have the fees of the F. R. Kreutzwaldi tn 17 apartment association gone up?
Member fees totalled €13 090 in 2021 and €14 074 in 2025 — a change of +7.5%.
Need the association official source documents?
All primary sources, land register entries and professional reports in one place.
PDF financial report (€7.99)
Full extract of 5 years of balance sheets, the repair fund and loans.
Pre-purchase check (€149)
Written pre-purchase check: price, association finances, permits and risks.
e-Business Register
This association official registry card (Business Register).
Building value page
Apartment sale prices, Land Board transactions and the AVM model-based price.
Estiq Real Estate & Independent Expertise
How can we help you with the association F. R. Kreutzwaldi tn 17?
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Comprehensive association financial report
5 years of balance sheets, loans and debtors
EVS 875 report
Bank valuation report
Professional valuer certificate (EVS 875)
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Written summary within 48 hours of payment
Association pre-purchase check before a binding offer
Before you buy, Estiq reviews the association documents. We look at hidden renovation loans, the share of debtors, the real repair fund and the general meeting minutes.
Audit of annual reports and the actual balance sheet position
Analysis of general meeting minutes (voted loans and plans)
Check of the debtor list and risk assessment for the buyer
Negotiation arguments to bring the purchase price down