Dutch bicycle manufacturer Accell Group was declared bankrupt by an Amsterdam court, according to the bankruptcy trustees. The trustees wrote in a court filing, “There is a complex situation within the European Accell Group, with group companies in different countries that are operationally and financially dependent on one another in certain areas. At the time, Accell said its major lenders agreed to a plan that would reduce Accell’s debt and place it on more stable financial footing. Accell has already taken significant steps to improve its financial performance, including shutting down its last Dutch factory in Heerenveen in summer 2025. Image courtesy of Accell Group