Pepy,
Found this:
According to Microsoft Community, the Microsoft forum, the system may be missing critical C++ runtime components.
In some cases where the system cannot repair itself, the missing bits must be otherwise replaced.
YOUR system may ultimately need newer copies of the C++ libraries; the packages noted in the article below may be enough to get you back into running condition so you can check for newer (more recent) updates. If you would rather do so, you can check YOUR system's revisions and then go to the Microsoft site to search for replacements.
See this Article for the description and the suggested fix:
Application Failed to Start - Side by Side configuation is incorrect
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The original error suggested you use sxstrace.exe
Here is an article telling you how to do that: