If the 5 LEDs (starting from the left) are illuminated...then you're good to go. They will turn off as you reach the consumed fuel calculation for your engine/model. Then when it's time for the next oil service/inspection (that's if you are following the BMW schedule)...then the yellow (6th) LED will illuminate along with either oil serv or inspection. Then if you continue to drive without resetting, the red (7th) LED will illuminate.
Sounds like you're good to go.