THE SMILING HEART · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of THE SMILING HEART is 4.9% (elevated). The 2024 annual accounts show equity of €103k and a net result of €46k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

4.9% Elevated

0%0,5%1,5%4%10%≥25%

Young company +No NACE activity registered +Higher-failure-rate region +

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

Signals

1 signal · with evidence

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, 16 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 30-09-2025, 61 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 2 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	30-09-2025	61 d late	2025-00525008
31-12-2023	31-07-2024	22-08-2024	22 d late	2024-00364339

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

Young company

Founded in 2023, under 3 years, statistically higher risk.

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.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€46k-12.7%

Working capital€102k+75.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

EBITDA

€58k

-12.5% 23-24

Net profit

€46k

-12.7% 23-24

Cash flow

€47k

-10.7% 23-24

Total assets

€132k

+72.7% 23-24

Equity

€103k

+79.7% 23-24

Working capital

€102k

+75.5% 23-24

Income taxes

€11k

-12.6% 23-24

Debt

€29k

+51.8% 23-24

Show 8 other metrics

Debt ≤ 1y

€27k

+74.4% 23-24

Current ratio

4.84

+0.5% 23-24

Quick ratio

4.84

+0.5% 23-24

Solvency

78.2%

+4.0% 23-24

Debt / equity

0.28

-15.5% 23-24

ROE

44.3%

-51.4% 23-24

ROA

34.7%

-49.5% 23-24

Interest coverage

640.72

-28.3% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€58k
Net profit	€46k
Cash flow	€47k
Staff costs	-
Income taxes	€11k
Dividends	-
Total assets	€132k
Equity	€103k
Debt	€29k
of which ≤ 1y	€27k
of which > 1y	-
Working capital	€102k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	4.84
Quick ratio	4.84
Working capital ratio	77.1%
Solvency	78.2%
Debt / equity	0.28
Long-term debt ratio	-
Interest coverage	640.72
Gross margin	-
Net margin	-
ROA	34.7%
ROE	44.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1k · 0.9% Current assets €128k · 99.1%

Equity & liabilities

Equity €103k · 78.2% Debt €29k · 21.8%

Full annual accounts (22 line items)

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€132k
Fixed assets	21/28	€1k
Formation expenses	20	€3k
Tangible fixed assets	22/27	€1k
Current assets	29/58	€128k
Amounts receivable within one year	40/41	€13k
Cash & bank	54/58	€113k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€132k
Equity	10/15	€103k
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€98k
Amounts payable	17/49	€29k
Amounts payable within one year	42/48	€27k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€58k
Operating result	9901	€56k
Financial income	75	€1,000
Financial charges	65	€90
Result before taxes	9903	€57k
Income taxes	67/77	€11k
Net result for the period	9904	€46k
Result to be appropriated	9905	€46k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

93 / 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.

The full score breakdown, per-year score history and the indicative credit limit are in 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

2 companies at this address See who is registered here

Establishment units

1 location

THE SMILING HEART

Edmond Tollenaerestraat 57, 1020 BrusselActiviteiten van medisch specialisten

since 20232.352.059.562

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

Parcels1

Ground area107 m²

Buildings1

Building footprint86 m²

Volume (LiDAR)1,001 m³

Tallest building17.3 m · ±5 fl.

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.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21815D0015/00D005	Brussels	107 m²	1 · 86 m²	17.3 m · 5 fl.

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

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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

Financial profile

5 of 5 axes measured

85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 100

Solvency 100

Growth 52

Stability 82

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

THE SMILING HEART

Registered office

Edmond Tollenaerestraat 57

1020 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.