The Dutch cycling company Accell Group, which owns several well-known brands such as Lapierre, Batavus, Haibike, and Babboe, has filed for bankruptcy. This has led to the termination of contracts for its 344 employees. Judicial administrators Thijs Hekman and Erik Schuurs have proposed a temporary two-month contract for 65 former employees to continue selling bicycles, parts, and accessories. This information was reported by NieuwsFiets on September 23. At the time of the bankruptcy, Accell NL had approximately 86 million euros in stock, including 47.8 million euros worth of bicycles and 38.6 million euros in spare parts and accessories. The administrators have decided to use Accell's existing distribution network and internal computer platform to sell the stock, instead of holding a large auction. This decision was made despite an initial auction of bicycles launched in early September to clear the group's experience center in the Netherlands. The approach aims to avoid drastically lowering prices. The company has resumed deliveries of bicycles, parts, and accessories under a framework similar to what had been previously communicated to Dutch resellers. The site in Apeldoorn remains central, with most spare parts and accessories stored there, and the lease of the building is being maintained. Bicycles, however, are primarily stored with external logistics partners. According to the public bankruptcy report, about sixty suppliers have invoked a reservation of property clause, which allows them to claim that certain delivered goods remain legally theirs until they are paid for. The administrators are examining these requests and have inventoried the stock present at the time of the bankruptcy, as well as the sales made since. If the clause is valid, the goods in principle return to the supplier; if they have already been sold and the remaining stock is insufficient, the administrators aim to negotiate compensation with the supplier. In addition to banks and other financiers, 434 ordinary creditors have declared their claims in the seven Dutch bankruptcies of Accell, totaling more than 38.4 million euros. The Dutch tax authorities also claim 9.45 million euros, with a priority rank. The total amount of debt is not yet known. In parallel, Accell is being sold internationally. More than 300 potential buyers have been contacted, and 103 have paid a refundable entry fee of 20,000 euros to access the data room. Sixty have submitted non-binding offers, which range from acquiring a single brand to combinations of brands, stocks, and activities. For example, the Irish fund Quanta Capital had expressed willingness to take over the entire group in mid-August.