profit from every €100 of sales.
€0€100
Spadel SA
€346.00+2.98% today
+50.4% since Dec 22, 25
1-year low €226.001-year high €448.00
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay €28.05 for every €1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Spadel SA sold, what it kept, and what it did with the cash.
Sales went from €321 million in 2022 to €400 million in 2025, with €51.2 million of profit last year.
SalesProfit
Spadel SA handed back 34% of the cash it generated last year.
€13M
Free cash flow 2025€39M
Bought back its own shares–
Paid as dividends€13M
Cash vs. debt€173M vs. €6M
Spadel SA vs. similar companies
Spadel SA grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from €100 of sales | Sales growth a year | Price per €1 of profit |
|---|---|---|---|
| Spadel SA | 28.1× · Fair price | ||
 Coca-Cola | 32.6× · Expensive | ||
 PepsiCo | 24.1× · Fair price | ||
 Monster Beverage | 47.7× · Expensive | ||
 Nongfu Spring | 27.3× · Fair price |
AI analysis
An AI analyst reads Spadel SA's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 321 | 346 | 357 | 400 | |
| 103 | 121 | 150 | 168 | |
| 22 | 34 | 48 | 62 | |
| 39 | 57 | 74 | 88 | |
| 13 | 28 | 41 | 51 | |
| 3.08 | 6.80 | 9.89 | – | |
| 32.1% | 34.9% | 41.8% | 42.0% | |
| 7.0% | 9.8% | 13.4% | 15.4% | |
| 4.0% | 8.2% | 11.5% | 12.8% |
Balance sheet
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 396 | 426 | 471 | 509 |
| Cash | 83 | 114 | 150 | 173 |
| Total debt | 6 | 4 | 5 | 6 |
| Total liabilities | 138 | 147 | 160 | 161 |
| 258 | 279 | 310 | 348 | |
| 4 | 4 | 4 | – | |
| 5.2% | 9.7% | 13.0% | 14.3% | |
| 5.0% | 10.1% | 13.2% | 14.7% |
Cash flow
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 36 | 62 | 69 | 71 | |
| 16 | 22 | 23 | 33 | |
| 20 | 40 | 45 | 39 | |
| Dividends paid | 8 | 6 | 9 | 13 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- 28.1×
- –
- –
- 4.3×
- 3.6×
- 37.3×
- 14.4×
- 2.7%
- 3.6%
- 0.9%
Profitability
- 42.0%
- 15.4%
- 12.8%
- –
- 13.6%
- 10.0%
- –
- –
- –
- –
Growth
- +7.6%
- –
- –
- –
- +0.0%
Financial health
- -1.9×
- 0.02
- –
- 393.3×
- 2.02
- –
- –
How it ranks in Consumer Staples
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 29%of 669
Top 30%of 672
Bottom 24%of 623
Top 36%of 671
Bottom 29%of 666
0.9%of the share price, paid each year
On $1,000 invested$9a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
25.9% of its profit
Room to growStretchedMore than it earns: 34.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
58No pass
Benjamin Graham
50No pass
Philip Fisher
48No pass
Peter Lynch
62Pass
Joel Greenblatt
29No pass
Charlie Munger
50No pass
Terry Smith
40No pass
Questions about Spadel SA
Is Spadel SA a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Spadel SA AI analysis
What does Spadel SA do?
Spadel SA produces and markets natural mineral water in Belgium. The company provides natural mineral and flavored water, including still and sparkling, as well as lemonades. It offers its products under the Spa, Bru, Wattwiller, Carola, and Devin brand names. It is in Beverages - Non-Alcoholic, based in Woluwe-Saint-Lambert, Belgium, with 1,416 employees.
Does Spadel SA pay a dividend?
Yes. At today's price the dividend is 0.9% a year, about 26% of its yearly profit. In 2025 it paid out €13.3 million in dividends.
Is Spadel SA stock halal?
Yes. Spadel SA passes our halal screen: its business is permitted and its debt is 0.4% of its market value, under the 30% limit. How we check
Who are Spadel SA's competitors?
The largest listed companies in the same industry are Coca-Cola, PepsiCo, Monster Beverage and Nongfu Spring. The peers table on this page compares their profit, growth and price with Spadel SA's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.