OK, i finally got it to work
The problem with this archive is, that it did not pack the subdirs right.
You need to create a new folder "DATA" and move all files in there except:
API.EXE, APO.EXE, SETUP.EXE, START.EXE, MODUL.DRV, SETUP.TXT
If you want to be save create a "SAVE" folder.
The game should then start.