diff --git a/Makefile b/Makefile
index a80ade84c..abdd34518 100644
--- a/Makefile
+++ b/Makefile
@@ -461,7 +461,7 @@ install-doc:
 		install -m 644 doc/$$x.txt $(DESTDIR)$(DOCDIR) ; \
 	done
 
-install-bin: all
+install-bin: haproxy
 	install -d $(DESTDIR)$(SBINDIR)
 	install haproxy $(DESTDIR)$(SBINDIR)