diff --git a/srv/tesm/VERSION b/srv/tesm/VERSION
index e8ea05d..c813fe1 100644
--- a/srv/tesm/VERSION
+++ b/srv/tesm/VERSION
@@ -1 +1 @@
-1.2.4
+1.2.5
diff --git a/srv/tesm/templates/settings_license.html b/srv/tesm/templates/settings_license.html
index edd7f6d..84a6059 100644
--- a/srv/tesm/templates/settings_license.html
+++ b/srv/tesm/templates/settings_license.html
@@ -156,6 +156,11 @@
         <div class="hint">Kontakt für Rückfragen zu dieser Lizenz.</div>
       </div>
     </div>
+    {% if license_file.vendor.logo_base64 %}
+    <div class="field" style="text-align:center;">
+      <img src="{{ license_file.vendor.logo_base64 }}" alt="{{ license_file.vendor.name or 'Anbieter' }}" style="max-width:220px; max-height:90px; margin:0 auto 8px;">
+    </div>
+    {% endif %}
     <div class="field">
       <label>Firma</label>
       <input type="text" value="{{ license_file.vendor.name or '' }}" disabled>