diff --git a/CubeMX2Makefile.tpl b/CubeMX2Makefile.tpl
index 712c1a3..4bf81a8 100644
--- a/CubeMX2Makefile.tpl
+++ b/CubeMX2Makefile.tpl
@@ -67,7 +67,7 @@ LIBDIR =
 LDFLAGS = $LDMCU -specs=nano.specs -T$$(LDSCRIPT) $$(LIBDIR) $$(LIBS) -Wl,-Map=$$(BUILD_DIR)/$$(TARGET).map,--cref -Wl,--gc-sections
 
 # default action: build all
-all: $$(BUILD_DIR)/$$(TARGET).elf $$(BUILD_DIR)/$$(TARGET).hex $$(BUILD_DIR)/$$(TARGET).bin
+all: $$(BUILD_DIR) $$(BUILD_DIR)/$$(TARGET).elf $$(BUILD_DIR)/$$(TARGET).hex $$(BUILD_DIR)/$$(TARGET).bin
 
 #######################################
 # build the application