Open the Belarc Folder, click on the Advisor Folder Icon. You should find a file with the extension .bci , right click on this file. Move the pointer on to 'Open with' and you get a list. On my list the first item reads 'Belarc Advisor and Belmonitor Client Discovery' - on clicking that the results of my Belarc scan are shown.
My memory is not what it was but I think that I had a similar problem some years ago - I uninstalled the troublesome program and then installed a fresh copy. Belarc 7.01 works a treat - when installed it puts a shortcut icon on the desltop - I believe that this must be used. I have just right clicked this icon, selecyed Properties and had a look at the entry under Target - it's worth a look as there is no way (I think!) that we could come up with that one.
Just after I made my comment, I went back into The Belarc Folder - Belarc/Advisor/System/tmp/ here were two html files, Home and Licence, within the properties of each I found that they were opening (or attemtping to open) with Hyper Terminal Applet? I changed it to open with Internet explorer and Bingo!! it is running fine now.
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