| Final Ranking | p | w | d | l | gf | ga | | 1. Sporting de Espinho | 40 | 16 | 8 | 6 | 52: | 20 | | 2. Penafiel | 37 | 12 | 13 | 5 | 37: | 25 | | 3. Vizela | 34 | 11 | 12 | 7 | 29: | 25 | | 4. Gil Vicente Barcelos | 34 | 13 | 8 | 9 | 33: | 23 | | 5. Fafe | 32 | 11 | 10 | 9 | 34: | 23 | | 6. Leixoes Matozinhos | 31 | 9 | 13 | 8 | 23: | 26 | | 7. Freamunde | 30 | 13 | 4 | 13 | 35: | 33 | | 8. Famalicao | 30 | 11 | 8 | 11 | 34: | 30 | | 9. Felgueiras | 30 | 7 | 16 | 7 | 37: | 28 | | 10.Desportivo das Aves | 28 | 10 | 8 | 12 | 37: | 36 | | 11.Braganca | 28 | 11 | 6 | 13 | 35: | 53 | | 12.Tirsense | 28 | 10 | 8 | 12 | 30: | 37 | | 13.Pacos de Fereira | 27 | 11 | 5 | 14 | 36: | 41 | | 14.Lixa | 25 | 8 | 9 | 13 | 26: | 37 | | 15.Lourosa | 23 | 8 | 7 | 15 | 24: | 45 | | 16.Trofense | 23 | 8 | 7 | 15 | 33: | 53 |
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| promoted to I Divisao 1988 |
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| Team | Spor | Pena | Gil | Vize | Fafe | Leix | Felg | Frea | Fama | Desp | Tirs | Brag | Paco | Lixa | Trof | Lour | | Sporting de Espinho | -- | 0:0 | | | | | | | | | | | | | | | | Penafiel | 0:3 | -- | 1:1 | 1:0 | 2:0 | 0:0 | 2:1 | 1:0 | 2:1 | 6:1 | 1:3 | 1:1 | 2:0 | 0:0 | 2:1 | 3:0 | | Gil Vicente Barcelos | | 1:1 | -- | | | | | | | | | | | | | | | Vizela | | 1:1 | | -- | | | | | | | | | | | | | | Fafe | | 0:0 | | | -- | | | | | | | | | | | | | Leixoes Matozinhos | | 2:2 | | | | -- | | | | | | | 4:1 | | | | | Felgueiras | | 1:1 | | | | | -- | | | | | | | | | | | Freamunde | | 1:0 | | | | | | -- | | | | | | | | | | Famalicao | | 1:1 | | | | | | | -- | | | | | | | | | Desportivo das Aves | | 0:1 | | | | | | | | -- | | | | | | | | Tirsense | | 1:0 | | | | | | | | | -- | | | | | | | Braganca | | 1:1 | | | | | | | | | | -- | | | | | | Pacos de Fereira | | 1:2 | | | | | | | | | | | -- | | | | | Lixa | | 1:1 | | | | | | | | | | | | -- | | | | Trofense | | 1:2 | | | | | | | | | | | | | -- | | | Lourosa | | 1:0 | | | | | | | | | | | | | | -- |
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| date | team 1 | score | team 2 | HT | | | Leixoes Matozinhos | 4-1 | Pacos de Fereira | | | 01. | Lixa | 1-1 | Penafiel | | | 02. | Penafiel | 1-0 | Freamunde | | | 03. | Penafiel | 1-1 | Braganca | | | 04. | Lourosa | 1-0 | Penafiel | | | 05. | Penafiel | 1-1 | Gil Vicente Barcelos | | | 06. | Desportivo das Aves | 0-1 | Penafiel | | | 07. | Penafiel | 2-0 | Pacos de Fereira | | | 08. | Sporting de Espinho | 0-0 | Penafiel | | | 09. | Penafiel | 1-3 | Tirsense | | | 10. | Leixoes Matozinhos | 2-2 | Penafiel | | | 11. | Penafiel | 2-1 | Trofense | | | 12. | Vizela | 1-1 | Penafiel | | | 13. | Penafiel | 2-0 | Fafe | | | 14. | Famalicao | 1-1 | Penafiel | | | 15. | Penafiel | 2-1 | Felgueiras | | | 16. | Penafiel | 0-0 | Lixa | | | 17. | Freamunde | 1-0 | Penafiel | | | 18. | Braganca | 1-1 | Penafiel | | | 19. | Penafiel | 3-0 | Lourosa | | | 20. | Gil Vicente Barcelos | 1-1 | Penafiel | | | 21. | Penafiel | 6-1 | Desportivo das Aves | | | 22. | Pacos de Fereira | 1-2 | Penafiel | | | 23. | Penafiel | 0-3 | Sporting de Espinho | | | 24. | Tirsense | 1-0 | Penafiel | | | 25. | Penafiel | 0-0 | Leixoes Matozinhos | | | 26. | Trofense | 1-2 | Penafiel | | | 27. | Penafiel | 1-0 | Vizela | | | 28. | Fafe | 0-0 | Penafiel | | | 29. | Penafiel | 2-1 | Famalicao | | | 30. | Felgueiras | 1-1 | Penafiel | | | 30. | Felgueiras | 1-1 | Penafiel |
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