diff --git a/assets/css/custom.css b/assets/css/custom.css
index 6166114..d5b8780 100644
--- a/assets/css/custom.css
+++ b/assets/css/custom.css
@@ -853,3 +853,15 @@ nav [class*="font-bold"] {
 }
 .hosting-tab:hover { color: var(--rapport-text); }
 .hosting-tab.active { color: var(--rapport-accent); border-bottom-color: var(--rapport-accent); }
+
+/* Admin-Panel */
+.admin-stats { display: grid; grid-template-columns: repeat(4, 1fr); gap: 14px; }
+@media (max-width: 700px) { .admin-stats { grid-template-columns: repeat(2, 1fr); } }
+.admin-stat { background: var(--rapport-surface2); border: 1px solid var(--rapport-border); border-radius: 12px; padding: 18px; text-align: center; }
+.dark .admin-stat { background: #1a1714; border-color: #2d2926; }
+.admin-stat-num { font-family: 'Playfair Display', serif; font-size: 30px; font-weight: 700; color: var(--rapport-text); line-height: 1; }
+.admin-stat-label { font-size: 11px; letter-spacing: 0.06em; text-transform: uppercase; color: var(--rapport-text-3); margin-top: 8px; }
+.admin-table { width: 100%; border-collapse: collapse; font-size: 14px; }
+.admin-table th { text-align: left; font-size: 11px; letter-spacing: 0.06em; text-transform: uppercase; color: var(--rapport-text-3); padding: 10px 12px; border-bottom: 1px solid var(--rapport-border); }
+.admin-table td { padding: 12px; border-bottom: 1px solid var(--rapport-border); vertical-align: top; }
+.admin-tag { display: inline-block; background: var(--rapport-accent); color: #fff; font-size: 9px; font-weight: 700; letter-spacing: 0.06em; text-transform: uppercase; padding: 2px 7px; border-radius: 5px; vertical-align: middle; }
diff --git a/content/admin.md b/content/admin.md
new file mode 100644
index 0000000..eebbd81
--- /dev/null
+++ b/content/admin.md
@@ -0,0 +1,7 @@
+---
+title: Admin
+layout: appshell
+hostingpage: admin
+toc: false
+noindex: true
+---
diff --git a/static/js/hosting-app.js b/static/js/hosting-app.js
index 4494e1b..bae8cfe 100644
--- a/static/js/hosting-app.js
+++ b/static/js/hosting-app.js
@@ -126,7 +126,9 @@
     const head =
       '<div style="display:flex;justify-content:space-between;align-items:center;margin-bottom:6px">' +
       '<div class="hosting-title" style="text-align:left;margin:0">Mein Konto</div>' +
-      '<button class="hosting-link" id="logout">Abmelden</button></div>' +
+      '<div style="display:flex;gap:14px;align-items:center">' +
+      (account.is_admin ? '<a class="hosting-link" href="/admin/">Admin</a>' : "") +
+      '<button class="hosting-link" id="logout">Abmelden</button></div></div>' +
       '<div class="hosting-sub" style="text-align:left;margin-bottom:20px">' + esc(account.email) + "</div>" +
       '<div class="hosting-tabs">' +
       tabs.map(([id, label]) =>
@@ -274,5 +276,54 @@
     });
   }
 
-  ({ login: renderLogin, register: renderRegister, konto: renderKonto, preise: renderPreise }[page] || renderLogin)();
+  // ── Admin / Betreiber-Bereich ────────────────────────────────────────────
+  async function renderAdmin() {
+    if (!tok.isLoggedIn) return go("/login/");
+    root.innerHTML = card('<div class="hosting-sub">Lädt…</div>', true);
+    let stats, accounts;
+    try {
+      [stats, accounts] = await Promise.all([
+        api("GET", "/admin/stats"),
+        api("GET", "/admin/accounts"),
+      ]);
+    } catch (err) {
+      if (/angemeldet|abgelaufen|ungültig/i.test(err.message)) { tok.clear(); return go("/login/"); }
+      // 403 = eingeloggt, aber kein Admin
+      root.innerHTML = card('<div class="hosting-msg err">' + esc(err.message) + "</div>" +
+        '<a class="hosting-link" href="/konto/">Zurück zum Konto</a>');
+      return;
+    }
+
+    const stat = (label, val) =>
+      '<div class="admin-stat"><div class="admin-stat-num">' + esc(val) + "</div>" +
+      '<div class="admin-stat-label">' + label + "</div></div>";
+
+    const rows = accounts.accounts.map((a) =>
+      "<tr>" +
+      "<td><b>" + esc(a.email) + "</b>" + (a.is_admin ? ' <span class="admin-tag">Admin</span>' : "") +
+        (a.company ? '<div class="muted" style="font-size:12px">' + esc(a.company) + "</div>" : "") + "</td>" +
+      "<td>" + (a.plan ? esc(a.plan) + '<div class="muted" style="font-size:12px">' + esc(a.sub_status || "") + "</div>" : '<span class="muted">—</span>') + "</td>" +
+      "<td style=\"text-align:center\">" + esc(a.instance_count) + "</td>" +
+      "<td class=\"muted\" style=\"font-size:12px\">" + esc(new Date(a.created_at).toLocaleDateString("de-CH")) + "</td>" +
+      "</tr>"
+    ).join("");
+
+    const html =
+      '<div style="display:flex;justify-content:space-between;align-items:center;margin-bottom:20px">' +
+      '<div class="hosting-title" style="text-align:left;margin:0">Admin</div>' +
+      '<a class="hosting-link" href="/konto/">Mein Konto</a></div>' +
+      '<div class="admin-stats">' +
+        stat("Kunden", stats.accounts) +
+        stat("Aktive Abos", stats.activeSubscriptions) +
+        stat("Instanzen", stats.activeInstances + "/" + stats.instances) +
+        stat("MRR (CHF)", stats.mrrChf) +
+      "</div>" +
+      '<div style="margin:24px 0 10px;font-weight:600;font-size:14px">Kunden</div>' +
+      '<table class="admin-table"><thead><tr><th>Konto</th><th>Abo</th><th>Inst.</th><th>Seit</th></tr></thead>' +
+      "<tbody>" + (rows || '<tr><td colspan="4" class="muted">Noch keine Kunden.</td></tr>') + "</tbody></table>";
+
+    root.innerHTML = card(html, true);
+  }
+
+  ({ login: renderLogin, register: renderRegister, konto: renderKonto, preise: renderPreise, admin: renderAdmin }[page] || renderLogin)();
 })();