diff --git a/tools/Makefile b/tools/Makefile
index 8fccc65..bac6aaf 100644
--- a/tools/Makefile
+++ b/tools/Makefile
@@ -157,10 +157,10 @@
 LOGO_BMP= $(srctree)/$(src)/logos/denx.bmp
 
 # Use board logo and fallback to vendor
-ifneq ($(wildcard logos/$(BOARD).bmp),)
+ifneq ($(wildcard $(srctree)/$(src)/logos/$(BOARD).bmp),)
 LOGO_BMP= $(srctree)/$(src)/logos/$(BOARD).bmp
 else
-ifneq ($(wildcard logos/$(VENDOR).bmp),)
+ifneq ($(wildcard $(srctree)/$(src)/logos/$(VENDOR).bmp),)
 LOGO_BMP= $(srctree)/$(src)/logos/$(VENDOR).bmp
 endif
 endif