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 profit increasing to €215.8 million. The company also increased its net debts by €127 million to fund investments, but maintained acceptable solvency between 30-40%, leaving shareholders happy with the results compared to 2001.