| Season | 1994–95 |
|---|---|
| Champions | Moreirense FC |
| Promoted |
Académico Viseu Moreirense FC FC Alverca |
| Relegated | 12 teams |
|
← 1993–94
1995–96 →
|
|
The 1994–95 Segunda Divisão season was the 61st season of the competition and the 45th season of recognised third-tier football in Portugal.
The league was contested by 54 teams in 3 divisions with Académico Viseu, Moreirense FC and FC Alverca winning the respective divisional competitions and gaining promotion to the Liga de Honra. The overall championship was won by Moreirense FC.