Bekaert is a 130-year-old Belgian company founded in 1880 that specializes in engineered wire products. According to its 2010 annual report, Bekaert experienced a revival in 2010 after struggling in 2009 due to the financial crisis, with net profits increasing to €215.8 million. While debts also increased by €127 million likely due to investments, solvency improved by 2% and remained within an acceptable range, leaving shareholders happy with the company's financial results and recovery in 2010 despite the increased borrowing.