We use density-functional theory, of the fundamental-measure type, to study the relative stability of the biaxial nematic phase, with respect to non-uniform phases such as smectic and columnar, in fluids made of hard board-like particles with sizes σ 1 > σ 2 > σ 3 . A restricted-orientation (Zwanzig) approximation is adopted. Varying the ratio κ 1 = σ 1 /σ 2 while keeping κ 2 = σ 2 /σ 3 , we predict phase diagrams for various values of κ 2 which include all the uniform phases: isotropic, uniaxial rod-and plate-like nematics, and biaxial nematic. In addition, spinodal instabilities of the uniform phases with respect to fluctuations of the smectic, columnar and plastic-solid type, are obtained.In agreement with recent experiments, we find that the biaxial nematic phase begins to be stable for κ 2 ≃ 2.5. Also, as predicted by previous theories and simulations on biaxial hard particles, we obtain a region of biaxility centred on κ 1 ≈ κ 2 which widens as κ 2 increases. For κ 2 5 the region κ 2 ≈ κ 1 of the packing-fraction vs. κ 1 phase diagrams exhibits interesting topologies which change qualitatively with κ 2 . We have found that an increasing biaxial shape anisotropy favours the formation of the biaxial nematic phase. Our study is the first to apply FMT theory to biaxial particles and, therefore, it goes beyond the second-order virial approximation. Our prediction that the phase diagram must be asymmetric is a genuine result of the present approach, which is not accounted for by previous studies based on second-order theories.