Spadel is a Belgian family-controlled group that bottles and markets natural mineral waters, spring waters and related soft drinks. Flagship brands include Spa and Bru in the Benelux, Wattwiller and Carola in France, and Devin in Bulgaria—each tied to specific source regions. The company emphasises local sourcing, protected spring areas and sustainability credentials while serving retail and food-service customers across several European markets.
| Year | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| 2022 | 320.8 | — | 12.8 | — |
| 2023 | 345.9 | 7.8% | 28.2 | 120.8% |
| 2024 | 357.3 | 3.3% | 41 | 45.3% |
| 2025 | 399.5 | 11.8% | 51.2 | 24.8% |
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