1994–95 Segunda Divisão B

The 1994–95 Segunda Divisão season was the 61st season of the competition and the 45th season of recognised third-tier football in Portugal.

Overview
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.