diff --git a/cmake/nuttx_add_application.cmake b/cmake/nuttx_add_application.cmake
index f9efc03bed2da..d6f3ad592a269 100644
--- a/cmake/nuttx_add_application.cmake
+++ b/cmake/nuttx_add_application.cmake
@@ -130,6 +130,16 @@ function(nuttx_add_application)
 
       nuttx_add_library_internal(${TARGET})
 
+      # loadable build requires applying ELF flags to all applications
+
+      if(CONFIG_MODULES)
+        target_compile_options(
+          ${TARGET}
+          PRIVATE
+            $<GENEX_EVAL:$<TARGET_PROPERTY:nuttx,NUTTX_ELF_APP_COMPILE_OPTIONS>>
+        )
+      endif()
+
       install(TARGETS ${TARGET})
       set_property(
         TARGET nuttx
@@ -155,14 +165,6 @@ function(nuttx_add_application)
       endif()
     endif()
 
-    # loadable build requires applying ELF flags to all applications
-
-    if(CONFIG_MODULES)
-      target_compile_options(
-        ${TARGET}
-        PRIVATE
-          $<GENEX_EVAL:$<TARGET_PROPERTY:nuttx,NUTTX_ELF_APP_COMPILE_OPTIONS>>)
-    endif()
   else()
     set(TARGET "apps_${NAME}")
     add_custom_target(${TARGET})
diff --git a/libs/libc/dlfcn/Kconfig b/libs/libc/dlfcn/Kconfig
index 7ee9cce378695..d5b4c63de6eb5 100644
--- a/libs/libc/dlfcn/Kconfig
+++ b/libs/libc/dlfcn/Kconfig
@@ -8,6 +8,7 @@
 config LIBC_DLFCN
 	bool "Shared library support"
 	default n
+	select MODULES
 	select LIBC_MODLIB if !BUILD_FLAT
 	select MODULE if BUILD_FLAT
 	---help---