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Excel 2013 error on open: "We're sorry, but Excel has run into an error that is preventing it from working correctly. Excel will need to be closed as a result."

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I installed Office 2013 (365 subscription-based) on a Windows 8 computer that had Office 2010 installed previously. After the install I also uninstalled the old version. Everything runs perfectly well except Excel, which on running (both normal and safe mode) delivers an error: "We're sorry, but Excel has run into an error that is preventing it from working correctly. Excel will need to be closed as a result.".

The options presented (except close) are to repair it (online or offline). I tried both repair options, none worked. 

Last step: I uninstalled completely the Office 365 and re-installed it again from office.com/setup. Same final result.

The only possibility now to use Excel is through web apps, which is pretty limited. Please, any solution other then re-installing the entire Windows from scratch?!

Thanks!


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