You are having two different issues here:
1) Missing buildings
2) Problem with the activation.
The problem of missing buildings doesn't have anything to to do with the failed activation. If there's no activation, the scenery will not disappear, it will run in Trial mode, with everything working, but for 5-6 minutes per FSX session.
If you don't have the Trial mode working, it doesn't mean you have an activation problem: it means the software is not even running on your system.
Do you have BOTH the "Addon Mananger" AND the "Couatl powered products" menus under the FSX "Addons" menu ?