Société de Services de Participations de Direction et d'Elaboration
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. The company was founded in 1583 and is headquartered in Woluwe-Saint-Lambert, Belgium. Spadel SA operates as a subsidiary of Finances Et I… Read more
Société de Services de Participations de Direction et d'Elaboration (SPA) - Net Assets
Latest net assets as of June 2025: €323.93 Million EUR
Based on the latest financial reports, Société de Services de Participations de Direction et d'Elaboration (SPA) has net assets worth €323.93 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€501.43 Million) and total liabilities (€177.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €323.93 Million |
| % of Total Assets | 64.6% |
| Annual Growth Rate | 5.88% |
| 5-Year Change | 35.03% |
| 10-Year Change | 130.84% |
| Growth Volatility | 11.28 |
Société de Services de Participations de Direction et d'Elaboration - Net Assets Trend (2005–2024)
This chart illustrates how Société de Services de Participations de Direction et d'Elaboration's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Société de Services de Participations de Direction et d'Elaboration (2005–2024)
The table below shows the annual net assets of Société de Services de Participations de Direction et d'Elaboration from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €310.43 Million | +11.22% |
| 2023-12-31 | €279.13 Million | +8.26% |
| 2022-12-31 | €257.84 Million | +2.51% |
| 2021-12-31 | €251.54 Million | +9.41% |
| 2020-12-31 | €229.90 Million | +8.72% |
| 2019-12-31 | €211.47 Million | +8.93% |
| 2018-12-31 | €194.14 Million | +19.13% |
| 2017-12-31 | €162.96 Million | +13.77% |
| 2016-12-31 | €143.24 Million | +6.52% |
| 2015-12-31 | €134.48 Million | +14.06% |
| 2014-12-31 | €117.90 Million | +11.72% |
| 2013-12-31 | €105.53 Million | +6.16% |
| 2012-12-31 | €99.40 Million | +6.06% |
| 2011-12-31 | €93.72 Million | +5.20% |
| 2010-12-31 | €89.09 Million | -35.67% |
| 2009-12-31 | €138.49 Million | +9.07% |
| 2008-12-31 | €126.98 Million | -6.46% |
| 2007-12-31 | €135.76 Million | +13.79% |
| 2006-12-31 | €119.30 Million | +13.76% |
| 2005-12-31 | €104.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Société de Services de Participations de Direction et d'Elaboration's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 29114200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €291.14 Million | 93.80% |
| Common Stock | €5.00 Million | 1.61% |
| Other Comprehensive Income | €12.35 Million | 3.98% |
| Other Components | €1.88 Million | 0.61% |
| Total Equity | €310.37 Million | 100.00% |
Société de Services de Participations de Direction et d'Elaboration Competitors by Market Cap
The table below lists competitors of Société de Services de Participations de Direction et d'Elaboration ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AN2 Therapeutics Inc
NASDAQ:ANTX
|
$80.73 Million |
|
Leadtrend Technology Corp
TW:3588
|
$80.75 Million |
|
QVC Group Inc.
NASDAQ:QVCGB
|
$80.77 Million |
|
Dongwha Enterprise Co.Ltd
KQ:025900
|
$80.79 Million |
|
Spheria Emerging Companies Ltd
AU:SEC
|
$80.72 Million |
|
Fu Chun Shin Machinery Manufacture Co Ltd
TWO:6603
|
$80.72 Million |
|
Generalplus Technology Inc
TW:4952
|
$80.67 Million |
|
Shenzhen CAU Technology Co Ltd
SHE:000004
|
$80.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Société de Services de Participations de Direction et d'Elaboration's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 279,070,000 to 310,370,000, a change of 31,300,000 (11.2%).
- Net income of 41,028,000 contributed positively to equity growth.
- Dividend payments of 9,131,000 reduced retained earnings.
- Other comprehensive income decreased equity by 306,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €41.03 Million | +13.22% |
| Dividends Paid | €9.13 Million | -2.94% |
| Other Comprehensive Income | €-306.00K | -0.1% |
| Other Changes | €-291.00K | -0.09% |
| Total Change | €- | 11.22% |
Book Value vs Market Value Analysis
This analysis compares Société de Services de Participations de Direction et d'Elaboration's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.76x to 3.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | €25.27 | €272.00 | x |
| 2006-12-31 | €28.75 | €272.00 | x |
| 2007-12-31 | €32.71 | €272.00 | x |
| 2008-12-31 | €30.60 | €272.00 | x |
| 2009-12-31 | €33.37 | €272.00 | x |
| 2010-12-31 | €21.47 | €272.00 | x |
| 2011-12-31 | €22.58 | €272.00 | x |
| 2012-12-31 | €23.95 | €272.00 | x |
| 2013-12-31 | €25.44 | €272.00 | x |
| 2014-12-31 | €28.42 | €272.00 | x |
| 2015-12-31 | €32.41 | €272.00 | x |
| 2016-12-31 | €34.52 | €272.00 | x |
| 2017-12-31 | €39.28 | €272.00 | x |
| 2018-12-31 | €46.79 | €272.00 | x |
| 2019-12-31 | €50.96 | €272.00 | x |
| 2020-12-31 | €55.39 | €272.00 | x |
| 2021-12-31 | €60.60 | €272.00 | x |
| 2022-12-31 | €62.12 | €272.00 | x |
| 2023-12-31 | €67.25 | €272.00 | x |
| 2024-12-31 | €74.79 | €272.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Société de Services de Participations de Direction et d'Elaboration utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.82%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.52x
- Recent ROE (13.22%) is above the historical average (11.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 10.12% | 5.01% | 0.88x | 2.30x | €125.90K |
| 2006 | 14.60% | 7.80% | 0.88x | 2.13x | €5.49 Million |
| 2007 | 14.79% | 9.02% | 0.86x | 1.91x | €6.51 Million |
| 2008 | -3.36% | -2.06% | 0.87x | 1.87x | €-16.96 Million |
| 2009 | 10.61% | 7.38% | 0.85x | 1.69x | €844.60K |
| 2010 | 14.35% | 6.51% | 1.03x | 2.14x | €3.87 Million |
| 2011 | 9.28% | 4.42% | 0.98x | 2.15x | €-674.00K |
| 2012 | 9.00% | 4.51% | 0.99x | 2.01x | €-991.10K |
| 2013 | 11.15% | 5.60% | 0.94x | 2.13x | €1.22 Million |
| 2014 | 14.09% | 7.19% | 0.94x | 2.09x | €4.83 Million |
| 2015 | 15.62% | 8.68% | 0.88x | 2.04x | €7.56 Million |
| 2016 | 12.02% | 6.88% | 0.87x | 2.01x | €2.89 Million |
| 2017 | 16.20% | 9.14% | 0.74x | 2.41x | €10.11 Million |
| 2018 | 19.57% | 12.09% | 0.81x | 1.99x | €18.58 Million |
| 2019 | 12.75% | 9.04% | 0.77x | 1.84x | €5.82 Million |
| 2020 | 11.89% | 10.25% | 0.68x | 1.71x | €4.35 Million |
| 2021 | 10.60% | 9.44% | 0.71x | 1.59x | €1.50 Million |
| 2022 | 4.96% | 3.99% | 0.81x | 1.54x | €-12.99 Million |
| 2023 | 10.12% | 8.16% | 0.81x | 1.53x | €329.00K |
| 2024 | 13.22% | 10.82% | 0.81x | 1.52x | €9.99 Million |
Industry Comparison
This section compares Société de Services de Participations de Direction et d'Elaboration's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
No peer company data available for comparison.