Haapsalu · Apartment association financial analysis
Niine tn 16 apartment association
Registered name: Haapsalu city, Niine tn 16 korteriühistu
Reg. code 80523597 · 48 flats in the association · 1 972,0 m² association flat area · Report year 2025 · Building EHR 105002748
⚠ Noted in the reports:
KredEx / tervikrenoveerimine See the source ↓
Haapsalu city, Niine tn 16 apartment association (registry code 80523597) is the apartment association of the building at Niine tn 16, Haapsalu (registry data as of 10.11.2026). Per the 2025 annual report: 48 flats in the association, repair-fund balance €0, bank-loan balance €254 368 (last maturity 25.07.2055, interest 3,28%, principal due in 12 months €5 145). Building facts and flat prices → · Board and contact · Sources
Median flat's monthly cost (2025 report)
€161 /month
Association payments (excl. utilities)
A regional comparison group with a sufficient sample is not available.
Repair fund balance
€0 (€0/m²)
Bank loan burden
€254 368
Financial health index (experimental)
Compared with the median (Haapsalu city)
–
The financial figures and calculation area cover the whole association. The apartment selector shows the separate building at Niine tn 16 (48 apartments).
Index components and methodology
64/100
Good and stable position
Financial health index · 2025 report · experimental
Financial health index · 2025 report · experimental
Liquidity (25%)80
Loan burden (20%)70
Receivables (15%)80
Repair fund (25%)20
Governance (15%)85
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 01.05.2024, Maa- ja Ruumiamet (open data licence)
Location map · CARTO Voyager · © OpenStreetMap contributors
5-Year Reserve & Capital Trend
Reserve / flat
€0
Reserve / m²
€0 /m²
Bank loan debt
€129,0/m²
Liquidity & buffer
80/100 · 1.4 mo operating buffer (after the repair fund)
Debt burden
70/100 · €129,0 /m²
Payment discipline
80/100 · Receivables €13 477
Repair reserve level
20/100 · €0 /m² (reserve)
Reporting compliance
85/100 · 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:
Noted in the reports
KredEx / tervikrenoveerimine
The board's management report mentions these items. Ask the association whether and how they have been resolved before making an offer.
Source: Annual report 2025 (management report)
Reported finances
Bank loan and repair fund
The bank-loan balance was 254 368 €. The repair-fund balance was 0 €. 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 €453 840. 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. 80523597) for 48 apartments in total.
Flat-table average 2025: Not determined
Repair-fund collections: No data
Recognized member revenue: No data
Loan principal, next 12 mo: €0,22 /m²
2-room
36 in the building
Recognized member revenue
—
Repairs
—
Loan
€9 /flat
— /month
Allocated fund share €0
3-room
12 in the building
Recognized member revenue
—
Repairs
—
Loan
€10 /flat
— /month
Allocated fund share €0
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):
38,7 m²
min 37,7 m²
max 48,3 m²
Estimated monthly cost (2025 flat table):
— /mo
Recognized member revenue
—
Repair fund
—
Association bank loan
€9 /flat
Accounting share of the repair fund (not withdrawable)
+€0
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:
Mentioned in the board's report (2025):
KredEx / tervikrenoveerimine
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: €453 840.
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) ↗
- Notes used from the report: receivables: Note 2 „Nõuded ja ettemaksed“, p. 7; loans: Note 3 „Laenukohustised“, p. 8; member fees: Note 4 „Liikmetelt saadud tasud“, p. 8
- Flat areas and building data: Building Register (EHR), building 105002748.
- 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 | €469 419 | — | €453 840 | €0 | €254 368 | €55 045 |
| 2024 | €42 838 | — | €28 554 | €0 | €0 | €29 416 |
| 2023 | €45 537 | — | €31 713 | €0 | €0 | €43 302 |
| 2022 | €13 841 | — | €396 | €0 | €0 | €61 118 |
| 2021 | €13 881 | — | €820 | €0 | €0 | €47 881 |
Balance sheet at year end (2025)
Cash in bank accounts
€55 045
Receivables (report balance lines)
€13 477
Payables to suppliers (utilities)
€0
Bank loan balance
€254 368
Reserve capital
€0
Repair fund adequacy
Repair fund balance
€0
Repair fund balance per m²
€0,0 /m²
Repair fund balance per apartment (average)
ca €0
Annual inflow to the repair fund
—
Balance relative to annual repair costs
0,0 yrs
64
/ 100
Experimental model
Good and stable position
Association financial health index (64 / 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
80/100
Coverage of short-term liabilities by cash (estimated coverage period)
Loan burden and liabilities
20% weight
70/100
Remaining bank loan principal and short-term debts
Receivables and payment discipline
15% weight
80/100
Ratio of receivables to annual turnover and its trend
Repair fund adequacy
25% weight
20/100
Accumulated repair fund balance per m² and per apartment
Reporting and governance
15% weight
85/100
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 Haapsalu city 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 (Haapsalu city)
€2,75
Typical range (IQR)
€2,00 – €3,13
Difference vs median
–
Key ratios and liabilities
Cost tier assessment
Cohort sample insufficient
Debt compared with the peer cohort
€254 368 · €129,0/m²
Receivables relative to annual costs
2.9 % of annual costs
Flats in the association
48 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) |
|---|---|---|---|---|
| Niine tn 16 This association | 48 | €0,00 | €254 368 | – |
| Niine tn 10a ↗ | 4 | €0,00 | 0 € | €1,96 |
| Niine tn 10b ↗ | 8 | €0,00 | €76 050 | €5,03 |
| Niine tn 10c ↗ | 18 | €0,00 | €40 958 | €3,69 |
| Niine tn 12 ↗ | 32 | €0,00 | €70 445 | €2,77 |
| Niine tn 14 ↗ | 48 | €0,00 | €164 100 | – |
| Niine tn 18 ↗ | 24 | €0,00 | 0 € | – |
| Niine tn 27 ↗ | 60 | €0,00 | €37 250 | €2,99 |
| Niine tn 32 ↗ | 24 | €0,00 | €345 614 | – |
| Niine tn 34a ↗ | 47 | €0,00 | €460 938 | – |
| Niine tn 36 ↗ | 55 | €0,00 | €71 174 | €2,96 |
| Niine tn 38 ↗ | 55 | €0,00 | €273 203 | – |
Nearby (within 500 m)
Niine põik 1 · 10 flats · 37 m
Tallinna mnt 5 · 24 flats · 67 m
Niine põik 2 · 8 flats · 68 m
Niine põik 3 · 8 flats · 73 m
Tallinna mnt 3 · 24 flats · 79 m
Tallinna mnt 4 · 23 flats · 133 m
Tallinna mnt 6 · 24 flats · 134 m
Tallinna mnt 2 · 24 flats · 143 m
Lihula mnt 1 · 34 flats · 170 m
Posti tn 41a · 61 flats · 179 m
Similar-sized associations in the area (±35% flats)
Niine tn 14 · 48 flats · 69 m
Niine tn 12 · 32 flats · 135 m
Lihula mnt 1 · 34 flats · 170 m
Posti tn 41a · 61 flats · 179 m
Jalaka tn 1a · 40 flats · 192 m
Niine tn 27 · 60 flats · 199 m
Lihula mnt 5 · 50 flats · 259 m
Jalaka tn 5 · 36 flats · 268 m
Haava tn 10 · 64 flats · 306 m
Põllu tn 1 · 48 flats · 325 m
Buyer Due Diligence (Apartment Associations Act § 43)
Buyer checklist: 6 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
Bank loan
Financial obligation
Clarify this apartment’s share in the loan balance and loan terms
The association has an outstanding loan of €254 368. Per the loan note of the 2025 report, the last maturity is 25.07.2055 and the interest rate is 3,28% (no Euribor link stated in the report). 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?
The building report brings registers, association reports, environment and Radar data into one PDF.
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
Haapsalu city, Niine tn 16 apartment association
Registry code
80523597
Legal form
Apartment association
Status
See the Business Register ↗
Members (2025 report)
51
Board
1 members · Current board in 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
Niine tn 16, Haapsalu
EHR building code
105002748 →
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
48 apartments
Related building price info
View the building value page →
Frequently asked questions about the apartment association
What are the finances of the Niine tn 16 apartment association?
From the 2025 annual report (reg. code 80523597): 48 flats in the association, repair-fund balance €0, bank loans €254 368.
What does a flat cost per month in Niine tn 16?
Typical flat payment €161 a month (association fees, excl. utilities). Calculated from the member fees in the 2025 annual report; utilities are not included. It is a past-year average, not the current tariff.
What is the registry code of the Niine tn 16 apartment association and who is on the board?
The registered name is Haapsalu city, Niine tn 16 apartment association, registry code 80523597. 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: €254 368.
Is the Niine tn 16 repair fund sufficient?
At the end of 2025 the repair-fund balance was €0. Repair costs for the year: €453 840. 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 Niine tn 16 apartment association have a loan?
Yes. The loan balance at the end of 2025 was €254 368 (≈ €5 299 per flat) (last maturity 25.07.2055, interest 3,28%, principal due in 12 months €5 145). Source: 2025 report, Note 3 „Laenukohustised“, p. 8.
Have the fees of the Niine tn 16 apartment association gone up?
Member fees totalled €13 881 in 2021 and €469 419 in 2025 — a change of +3 281.7%.
Buying here? Check before you make an offer
Order an independent pre-purchase check before a binding offer – official registers and reports, written summary.
Association pre-purchase check (€149)
Written pre-purchase check: price, association finances, permits and risks.
Building report (€3.99)
Association finances, registers, environment and Radar construction projects in one PDF.
e-Business Register
This association official registry card (Business Register).
Building value page and flat valuation report
Apartment prices and Land Board transactions for free. Your own flat's value, range and comparables in a PDF: €7.99.
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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