FIRST SMILE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FIRST SMILE is 0.2% (very low). The 2024 annual accounts show equity of €118k and a net result of €73k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 6574 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 6574 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	29-08-2025	29 d late	2025-00458052
31-12-2023	31-07-2024	29-08-2024	29 d late	2024-00430525
31-12-2022	31-07-2023	29-08-2023	29 d late	2023-00375076
31-12-2021	31-07-2022	20-06-2022	41 d early	2022-20145383

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€73k+26.7%

Working capital€61k

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~65% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 86, Human health · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	27.9%	66.7%	better than 21% of 6574 sector peers
Net result	€73k	€46k	better than 66% of 6568 sector peers
Equity	€118k	€79k	better than 63% of 6574 sector peers
Gross operating margin	€233k	€78k	better than 88% of 6576 sector peers
Staff costs	€88k	€21k	higher than 88% of 1209 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P21

Stable position over 2021-2024 · n=1833-6574

Net result P66

Improving position over 2021-2024 · n=1833-6568

Equity P63

Improving position over 2021-2024 · n=1833-6574

Gross operating margin P88

Improving position over 2021-2024 · n=1834-6576

Describes the position versus peers, not a forecast.

EBITDA

€135k

+40.7% 21-24

Net profit

€73k

+26.7% 21-24

Cash flow

€104k

+32.3% 21-24

Total assets

€424k

+76.9% 21-24

Equity

€118k

+163.1% 21-24

Working capital

€61k

- 21-24

Employees (FTE)

2

+90.0% 21-24

Staff costs

€88k

+133.1% 21-24

Income taxes

€18k

+115.0% 21-24

Debt

€306k

+56.9% 21-24

Debt ≤ 1y

€126k

+46.9% 21-24

Debt > 1y

€166k

+52.7% 21-24

Current ratio

1.48

+49.6% 21-24

Quick ratio

1.48

+49.6% 21-24

Solvency

27.9%

+48.8% 21-24

Debt / equity

2.58

-40.4% 21-24

ROE

62.0%

-51.8% 21-24

ROA

17.3%

-28.4% 21-24

Interest coverage

10.60

-2.7% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€135k
Net profit	€73k
Cash flow	€104k
Staff costs	€88k
Income taxes	€18k
Dividends	-
Total assets	€424k
Equity	€118k
Debt	€306k
of which ≤ 1y	€126k
of which > 1y	€166k
Working capital	€61k
Employees (FTE)	1.9

Ratios (computed)

	2024
Current ratio	1.48
Quick ratio	1.48
Working capital ratio	14.4%
Solvency	27.9%
Debt / equity	2.58
Long-term debt ratio	1.40
Interest coverage	10.60
Gross margin	-
Net margin	-
ROA	17.3%
ROE	62.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €237k · 55.9% Current assets €187k · 44.1%

Equity & liabilities

Equity €118k · 27.9% Debt €306k · 72.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€424k
Fixed assets	21/28	€237k
Intangible fixed assets	21	€205
Tangible fixed assets	22/27	€237k
Current assets	29/58	€187k
Amounts receivable within one year	40/41	€33k
Cash & bank	54/58	€131k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€424k
Equity	10/15	€118k
Contributions / capital	10/11	€5k
Reserves	13	€84k
Accumulated profits (losses)	14	€29k
Amounts payable	17/49	€306k
Amounts payable after one year	17	€166k
Amounts payable within one year	42/48	€126k
Trade debts payable within one year	44	€28k
Income statement
Gross operating margin	9900	€233k
Operating result	9901	€104k
Financial income	75	€1
Financial charges	65	€13k
Result before taxes	9903	€92k
Income taxes	67/77	€18k
Net result for the period	9904	€73k
Result to be appropriated	9905	€-11k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

FIRST SMILE

Rue de La Hulpe 19a, 1331 RixensartActiviteiten van tandartspraktijken

since 20212.324.006.073

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,447 m²

Buildings1

Building footprint533 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25092B0221/00C002	Wallonia	2,447 m²	1 · 532 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

82 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 100

Solvency 54

Growth 78

Stability 94

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