Dashboard
1
Weak Long Term Fundamental Strength with a 20.37% CAGR growth in Operating Profits over the last 5 years
2
The company has declared Positive results for the last 4 consecutive quarters
3
With ROE of 14.69%, it has a Expensive valuation with a 4.60 Price to Book Value
4
Market Beating performance in long term as well as near term
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
9.58%
0%
9.58%
6 Months
31.65%
0%
31.65%
1 Year
83.0%
0%
83.0%
2 Years
83.0%
0%
83.0%
3 Years
123.17%
0%
123.17%
4 Years
101.1%
0%
101.1%
5 Years
101.1%
0%
101.1%
Spadel SA for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
8.43%
EBIT Growth (5y)
20.37%
EBIT to Interest (avg)
26.73
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.42
Sales to Capital Employed (avg)
1.10
Tax Ratio
19.96%
Dividend Payout Ratio
22.70%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
16.61%
ROE (avg)
10.16%
Valuation key factors
Factor
Value
P/E Ratio
31
Industry P/E
Price to Book Value
4.60
EV to EBIT
27.91
EV to EBITDA
19.04
EV to Capital Employed
7.46
EV to Sales
3.62
PEG Ratio
1.26
Dividend Yield
NA
ROCE (Latest)
26.72%
ROE (Latest)
14.69%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Bearish
No Trend
OBV
Mildly Bearish
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
399.50
357.30
11.81%
Operating Profit (PBDIT) excl Other Income
69.00
57.20
20.63%
Interest
0.30
0.40
-25.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
51.20
41.00
24.88%
Operating Profit Margin (Excl OI)
112.10%
96.80%
1.53%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 11.81% vs 3.30% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is 24.88% vs 45.39% in Dec 2024
About Spadel SA 
Spadel SA
Beverages
Societe de Services de Participations de Direction et d'Elaboration SA is a Belgium-based company that produces and markets natural mineral and spring water, as well as soft drinks with natural mineral water. It sells its products under the brands Spa Marie-Henriette, Spa Reine, Spa Barisart, Spa Citron, Spa Fruit, Bru, Brecon Carreg, DEVIN, Wattwiller and Carola. Societe de Services de Participations de Direction et d'Elaboration SA offers: natural mineral water under the Spa, Bru, Wattwiller, Carola and Brecon Carreg brands; flavored water under the Spa and Carola brands, and lemonade under the Spa brand. The Company controls a numer of subsidiaries, such as Spadel Netherland BV, Spa Monopole SA and Devin EAD.
Company Coordinates 
Company Details
Avenue des Communautes 110 , WOLUWE-SAINT-LAMBERT None : 1200
Registrar Details






