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Spadel SA (SPA.BR) is an essential consumer products company in the soft drink manufacturing industry, based in Brussels, Belgium, with about 1,416 full-time employees.
It reported revenue of 399.52 million EUR for fiscal year 2025, up 5.3% from fiscal year 2024, and net income of 51.19 million EUR. Benelux was its largest region in fiscal year 2025, with 62% of revenue. Its market capitalization was 1.42 billion EUR as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
Spadel SA produces and markets natural mineral water in Belgium. It offers natural mineral and flavored water, including still and sparkling, as well as lemonades. The company provides its products under the Spa, Bru, Wattwiller, Carola, and Devin brand names. Spadel SA was founded in 1583 and is headquartered in Brussels, Belgium.
Spadel SA reported 399.52 million EUR in revenue for fiscal year 2025, up 5.3% from 379.35 million EUR in fiscal year 2024.
Benelux: 62% of revenue by region in fiscal year 2025, followed by Bulgaria (27%).
1.42 billion EUR as of October 9, 2026.
Listed companies of a similar size in the same industry (soft drink manufacturing) include Miko NV (MIKO.BR).