Who owns SPA?
SPA is owned by Spadel (Belgium, BRU: SPA).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: The Spadel group continues to grow, with 2025 another very solid year, Spadel NV/SA, 31 March 2026. Last checked .
Key facts
- Current owner
- Spadel NV/SA reported
- Owner HQ
- 🇧🇪 Belgium
- Origin
- 🇧🇪 Belgium, Spa
- Category
- Beverages › Soft drinks › Bottled water
- Parent ticker
- BRU: SPA
- Last verified
- · 4 sources
About SPA
SPA is the mineral water of the Belgian High Fens, drawn at Spa Monopole from a catchment area of 13,177 hectares and sold throughout the Benelux countries. Spa water was being bottled and exported to France as early as 1583, and the Principality of Liège was legislating to protect the springs by 1624. The modern range runs from the still Spa Reine through the sparkling Spa Intense and the lighter Spa Finesse to Spa Touch, sugar-free fruit-flavoured waters made without artificial additives.
Ownership timeline of SPA
Where SPA sits in Spadel
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Spadel ownership tree →
See the full Spadel brand portfolio (6) →
Other brands owned by Spadel
Spadel controls 6 brands on Brandtree, 6 of them in beverages.
Also in beverages
- Bru
- Carola
- Devin
- Wattwiller
- ZYLA (2024)
Other brands in bottled water, and who owns them
Spadel has more brands in bottled water on Brandtree than any other owner: 5 of 123.
| Brand | Owner | Owner based in |
|---|---|---|
| Al Ain Water | Agthia | 🇦🇪 United Arab Emirates |
| Cachantún | CCU | 🇨🇱 Chile |
| Dasani | Coca-Cola | 🇺🇸 United States |
| Jamnica | Fortenova Group | 🇭🇷 Croatia |
| Ondrášovka | Kofola | 🇨🇿 Czech Republic |
| Aïn Atlas | Oulmès | 🇲🇦 Morocco |
| Garci | SFBT | 🇹🇳 Tunisia |
| Melgaço | Super Bock Group | 🇵🇹 Portugal |
About the owner: Spadel
Spadel is a publicly listed company headquartered in Belgium, founded in 1912. Brandtree records 6 brands under its control, and it is listed as BRU: SPA.
Spadel bottles natural mineral and spring waters and has stayed deliberately regional: instead of building one global brand it runs five springs and sells each under the name of the place it rises in. The business began in 1912 as the Compagnie Fermière des Eaux et des Bains de Spa, became Spa Monopole in 1921 and took the name Spadel in 1980, and has been directed by the du Bois family throughout. It reported consolidated sales of €399.5 million for 2025 and employed 1,416 people at the end of that year.
🇧🇪 SPA and other Belgian brands
Brandtree records a controlling owner for 53 brands that began in Belgium. 19 of them (36%) are now controlled by a company headquartered in another country; SPA is not one of them.
- Bel Pils — Duvel Moortgat 🇧🇪
- Domaine Lez-Envies — Colruyt Group 🇧🇪
- Grimbergen — Carlsberg 🇩🇰
- Hoegaarden — AB InBev 🇧🇪
- Alpro — Danone 🇫🇷
- Ardennes-étape — Awaze 🇬🇧
Frequently asked questions
Who is the parent company of SPA?
The parent company of SPA is Spadel, a publicly listed company headquartered in Belgium.
Is SPA Belgian?
Yes. SPA originated in Belgium and its owner, Spadel, is also headquartered in Belgium.
Is SPA still owned by Spadel?
Yes. As of 21 September 2026, SPA is still owned by Spadel. The ownership record was last checked against primary sources on that date.
Sources (4) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] The Spadel group continues to grow, with 2025 another very solid year — Spadel NV/SA, Official press release, published 31 March 2026; retrieved 21 September 2026.
- [2] Spadel — our sources — Spadel NV/SA, Official document; retrieved 21 September 2026.
- [3] Spadel — our history — Spadel NV/SA, Official document; retrieved 21 September 2026.
- [4] Spadel — our mineral water and natural drinks brands — Spadel NV/SA, Official document; retrieved 21 September 2026.
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