Although you have not specified the server version, go a solution to 2008 version or higher.
Declare @HORA_FECHAMENTO char (5)
Declare @HORA_ATUAL datetime
Set @HORA_FECHAMENTO='04:59'
Set @HORA_ATUAL = CAST(CONVERT(VARCHAR(11),GETDATE(),8) as time)
select 
 CAST(@HORA_FECHAMENTO AS time) as HORA_FECHAMENTO, --campo char no recebendo a hora no formato 18:00     
 CAST(CONVERT(VARCHAR(11),GETDATE(),8) as time) as HORA_ATUAL
IF @HORA_ATUAL > @HORA_FECHAMENTO
BEGIN
    print 'Hora servidor maior'
END
HORA_FECHAMENTO | HORA_ATUAL
  --------------------------------| ----------------
  04:59:00.0000000   | 04:59:11.0000000
(1 Row(s) affected)
Server time
							
							
						 
Right answer, immensely grateful!
– Harry